HKScan Oyj - Company Announcement

HKSCAN TO REFORM ITS OPERATING MODEL AND ORGANISATION IN SWEDEN

HKScan Corporation        STOCK EXCHANGE BULLETIN, 6 May 2009 at 1pm


HKSCAN TO REFORM ITS OPERATING MODEL AND ORGANISATION IN SWEDEN

As announced earlier this year, HKScan has launched the planning of a new
programme to streamline the business of the company's Swedish arm, the Scan
Group, in order to bring the company's profitability to the sought level. 

The development programme will kick off with an organisational restructuring
that will make Scan's operating model more process-like to better meet customer
and consumer needs in Sweden. To secure access to meat, Scan will establish a
procurement company in May 2009. 

Scan's management organisation will also be reformed to match the new operating
model. As of 6 May 2009, Scan's management team comprises managing director
Olli Antniemi along with Denis Mattsson, deputy to the managing director, and
Magnus Nilsson, sales director, Magnus Lindholm, director of the supply chain,
Runar Gustafsson, procurement manager as the acting procurement director,
Fredrik Jönsson, production manager as the acting production director, Thomas
Olander, managing director of Pärsons, Jerker Wetterteg, finance director,
Margareta Thorgren, communications and quality director, Lennart Claesson, HR
director, and Mikael Olsson, managing director of Annerstedt Flodins, who will
also be responsible for the development of Scan's meat business. 

According to CEO Matti Perkonoja, the aim is to bring EBIT from HKScan's
Swedish business to 5% in accordance with the Group's long-term financial
objectives. In the next few years the main focus of HKScan's development will
be on Sweden. In his view, the key factors to improve competitiveness will be
to make Scan's cost structure considerably more competitive over the next three
years, to make investments in order to raise the value-added of products and to
reform Scan's commercial functions. Scan's size, firm market leadership and
leading brands provide a solid foundation for future measures. 


HKScan Corporation


Matti Perkonoja
CEO


Further information is available from HKScan's CEO Matti Perkonoja and Scan's
managing director Olli Antniemi. 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. Annual net sales are 2.3 billion euro. 


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