HKScan Oyj

Quarterly Report • Jan 29, 2010

Disclosure 275463

HKScan Oyj - Company Announcement

HKSCAN'S Q4/2009 PERFORMANCE BETTER THAN ANTICIPATED

HKScan Corporation STOCK EXCHANGE RELEASE 29 January 2010, at 8am HKSCAN'S Q4/2009 PERFORMANCE BETTER THAN ANTICIPATED According to preliminary data, HKScan Corporation's sound commercial performance during Q4/2009 and the Christmas season in particular has resulted in higher-than-anticipated EBIT before non-recurring items. HKScan has earlier estimated that EBIT for 2009 clearly surpasses that for 2008. Preliminary figures now reveal that the HKScan Group's reported EBIT for 2009 will be around EUR 55 million (EUR 38.1 mill. 2008) and EBIT before non-recurring items around EUR 67 million (EUR 38.1 mill.). The Swedish restructuring programme has progressed in line with plans, and more specific data has been obtained regarding the measures underway. According to current estimates, the non-recurring charges caused by the measures amount to approximately EUR 8.6 million instead of the around EUR 5 million announced earlier. The amount of non-recurring charges arising from the Swedish restructuring booked in Q3/2009 was EUR 2.8 million, with EUR 5.8 million recognised in Q4/2009. These preliminary figures are unaudited and not based on financial statements approved by the Board of Directors. HKScan Corporation will release its financial statement bulletin for 2009 around 8am on Friday 19 February 2010. HKScan Corporation Matti Perkonoja CEO Further information: CEO Matti Perkonoja. 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 Baltics 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. DISTRIBUTION: Nasdaq OMX, Helsinki Main media www.hkscan.com