HKScan Oyj

Major Shareholding Notification • Dec 8, 2010

Disclosure 282976

HKScan Oyj - Major shareholder announcements

NOTIFICATION ON CHANGE IN OWNERSHIP

HKScan Corporation STOCK EXCHANGE RELEASE 8 December 2010, at 11.30 NOTIFICATION ON CHANGE IN OWNERSHIP Under Chapter 2, Section 9 of the Finnish Securities Markets Act, we hereby announce that HKScan Corporation has received the following disclosure about change in ownership. On 8 December 2010, Varma Mutual Pension Insurance Company notified that as a result of a share transaction concluded 7 December 2010 its holding in HKScan had risen over 1/20 of the share capital. 1. Name of the target company: HKScan Corporation, Business Identity Code 0111425-3 2. Date of change in holdings: 7 December 2010 3. Exact proportion of voting rights and share capital in HKScan Corporation: - number of A Shares: 3 102 994 - ownership: 5.74 % of share capital and 1.98% of voting rights The registered share capital of HKScan Corporation comprises a total of 54 026 522 shares (48 626 522 A Shares and 5 400 000 K Shares), said shares entitling to a total of 156 626 522 votes (A Shares each convey one vote, K Shares each convey 20 votes). 4. Shareholder's name and Business Identity Code: Varma Mutual Pension Insurance Company, Helsinki, Business Identity Code 0533297-9. HKScan Corporation Matti Perkonoja CEO HKScan is one of the leading food companies in northern Europe with home markets in Finland, Sweden, Denmark, 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 11,000 employees. It had net sales of 2.1 billion euro in 2009. DISTRIBUTION: Nasdaq OMX, Helsinki Main media www.hkscan.com