Scandi Standard

M&A Activity • Aug 27, 2021

PRESS RELEASE, 27 August 2021

Scandi Standard agrees a final purchase price payment for Finnish business of MSEK 13

Scandi Standard's Finnish subsidiary has agreed a final purchase price payment of MSEK 13 with the sellers of the Huttulan Kukko business.

"The business we acquired in 2015 is now a good platform for continued growth in Finland" says Otto Drakenberg, Interim managing director and CEO of Scandi Standard.

For further information, please contact:

Otto Drakenberg, Interim managing director and CEO: +46 70 864 55 04 Henrik Heiberg, Head of M&A, Financing & IR: +47 917 47 724

This press release contains inside information that Scandi Standard AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the above contact persons on 27 August 2021 at 18.45 CEST.

About Scandi Standard

Scandi Standard is the leading producer of chicken-based food products in the Nordic region and Ireland. The company produces, markets and sells ready to eat, chilled and frozen products under the well-known brands Kronfågel, Danpo, Den Stolte Hane, Manor Farm and Naapurin Maalaiskana. Eggs are also produced and sold in Norway. We are approximately 3,000 employees with annual sales of around SEK 10 billion. For more information, please visit www.scandistandard.com.