HKScan Oyj — Capital/Financing Update 2021

Mar 24, 2021

HKScan Corporation files listing application and publishes listing prospectus in respect of its EUR 90 million bond

HKScan Corporation files listing application and publishes listing prospectus in respect of its EUR 90 million bond

HKScan Corporation, Stock Exchange Release, 24 March 2021, 10.00 a.m. Finnish
time

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH
CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

HKScan Corporation files listing application and publishes listing prospectus in
respect of its EUR 90 million bond

HKScan Corporation (the "Company") announced on 18 March 2021 the issuance of a
senior unsecured bond of EUR 90 million (the "New Notes"). The four-year New
Notes mature on 24 March 2025, carry a fixed annual interest at the rate of
5.000 per cent and had an issue price of 100 per cent.

The Finnish Financial Supervisory Authority has today on 24 March 2021 approved
the listing prospectus of the New Notes. The prospectus is available in the
English language on the Company's website at https://www.hkscan.com/en/investors
-information/financials/Debtinvestors/bond-2025/.

The Company has today filed an application with Nasdaq Helsinki Ltd ("Nasdaq
Helsinki") for the admission to trading of the New Notes on the official list of
Nasdaq Helsinki.

Subject to the approval of the listing application, Nasdaq Helsinki is expected
to admit the New Notes to trading on the official list as from 25 March 2021.
The ISIN code of the New Notes is FI4000490990.

Nordea Bank Abp and OP Corporate Bank plc act as coordinators for the issue of
the New Notes and together with Danske Bank A/S and DNB Bank ASA, Sweden Branch
as joint lead managers for the issue of the New Notes.

Distribution:
Nasdaq Helsinki
Key media
www.hkscan.com

Further enquiries:
Tero Hemmilä, CEO, tel. +358 10 570 2012
Jyrki Paappa, CFO, tel. +358 10 570 2512
Heidi Hirvonen, SVP Communications, tel. +358 10 570 6072

Media contacts: HKScan Media Service Desk +358 (0)10 570 5700 or email:
communications@hkscan.com

At HKScan, we make life tastier – today and tomorrow. Our strategic target is to
grow into a versatile food company. Our responsibly produced, delicious products
are part of consumers’ varied food moments – both every day and on special
occasions. We have some 7,000 HKScan professionals applying more than 100 years
of experience to make locally produced food. For us at HKScan, responsibility
means continuous improvements and concrete actions throughout the food chain. As
part of our Zero Carbon programme, we are targeting a carbon-neutral food chain
from farms to consumers by the end of 2040. Our home markets cover Finland,
Sweden, the Baltics and Denmark. Our strong product brands include HK®,
Kariniemen®, Via®, Scan®, Pärsons®, Rakvere®, Tallegg® and Rose™. Through our
strategic partnerships, we are also known for Kivikylän®, Tamminen® and Boltsi
brands. HKScan is a publicly listed company, and in 2020, our net sales totalled
nearly EUR 1.8 billion.

Disclaimer

The information contained herein is not for release, publication or
distribution, in whole or in part, directly or indirectly, in or into Australia,
Canada, Hong Kong, Japan, New Zealand, South Africa or the United States or such
other countries or otherwise in such circumstances in which the release,
publication or distribution would be unlawful. The information contained herein
does not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of, the New Notes any jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction.

This communication does not constitute an offer of securities for sale in the
United States. The New Notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act") or under the
applicable securities laws of any state of the United States and may not be
offered or sold, directly or indirectly, within the United States or to, or for
the account or benefit of, U.S. persons except pursuant to an applicable
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act.

This communication does not constitute an offer of the New Notes to the public
in the United Kingdom. No prospectus has been or will be approved in the United
Kingdom in respect of the New Notes. Consequently, this communication is
directed only at (i) persons who are outside the United Kingdom, (ii) persons in
the United Kingdom that are qualified investor within the meaning of Article
2(e) of the Prospectus Regulation as incorporated into UK domestic law by virtue
of the European Union (Withdrawal) Act 2018 that are also (a) investment
professionals falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order"), (b) high net worth
entities, and (iii) other persons to whom it may lawfully be communicated,
falling within Article 49(2) of the Order (all such persons together being
referred to as "relevant persons"). Any investment activity to which this
communication relates will only be available to, and will only be engaged with,
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its contents.