HKScan Oyj

M&A Activity • Sep 10, 2010

Disclosure 281032

HKScan Oyj - Company Announcement

HKSCAN SUPPLEMENTS ITS STOCK EXCHANGE BULLETIN PUBLISHED ON SEPTEMBER 9, 2010 AT 3.30 PM RELATING TO THE ACQUISITION OF ROSE POULTRY A/S

HKSCAN CORPORATION STOCK EXCHANGE RELEASE 10 September 2010, at 8am HKSCAN SUPPLEMENTS ITS STOCK EXCHANGE BULLETIN PUBLISHED ON SEPTEMBER 9, 2010 AT 3.30 PM RELATING TO THE ACQUISITION OF ROSE POULTRY A/S Net sales of Rose Poultry A/S ("Rose Poultry") for the financial year ending on September 30, 2009 were DKK 1 572.7 million (approximately EUR 211,1 million) and EBIT was DKK -5.0 million (approximately EUR -0.7 million). For the current financial year commencing on October 1, 2009 net sales are estimated to increase slightly and EBIT is estimated to be positive. -------------------------------------------------------------------------------- | | Financial year ending on | Financial year ending on | | | September 30, 2009 | September 30, 2008 | -------------------------------------------------------------------------------- | Net sales (DKK | 1 572.7 | 1 701.1 | | million) | | | -------------------------------------------------------------------------------- | EBIT (DKK million) | -5.0 | 45.6 | -------------------------------------------------------------------------------- The financial position of Rose Poultry is stable. The company's total assets in its balance sheet in the end of the previous financial year on September 30, 2009 were DKK 688.9 million (approximately EUR 93 million) and interest bearing net debt was DKK 356.2 million (approximately 47.8 million) -------------------------------------------------------------------------------- | | As of September 30, 2009 | As of September 30, 2008 | -------------------------------------------------------------------------------- | Total assets (DKK | 688.9 | 819.6 | | million) | | | -------------------------------------------------------------------------------- | Interest bearing net | 356.2 | 435.9 | | debt (DKK million) | | | -------------------------------------------------------------------------------- The profitability of Rose Poultry corresponds to the average level of profitability in its line of business in Europe. The acquisition is in line with the previously announced strategy of the HKScan Group and it will constitute an important step in the development of the poultry business of HKScan. HKScan Corporation Matti Perkonoja CEO Further information is available from: CEO Matti Perkonoja, HKScan Corporation. Please leave any messages for him to call with Marjukka Hujanen on +358 (0)10 570 6218. HKScan is one of the leading food companies in northern Europe with home markets in Finland, Sweden, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under several well-known local brand names. Its customers are retail, the HoReCa sector, industry and export customers. HKScan is active in nine countries and has some 10,000 employees. It had net sales of 2.1 billion euro in 2009. DISTRIBUTION: Nasdaq OMX, Helsinki Main media www.hkscan.com