HKScan Oyj - Company Announcement

HKScan to sell its share in Nyhléns & Hugosons Chark AB

HKScan Corporation                                     Stock Exchange Release  
      3 January 2014 at 10:00 a.m. 



HKScan to sell its share in Nyhléns & Hugosons Chark AB

As part of its development programme and strategy review in Sweden, HKScan
sells its 49 percent stake in Nyhléns & Hugosons Chark AB to Alviksgården
Lantbruks AB. 

The agreement was signed on 2 January 2014. After the transaction is completed,
all Nyhléns & Hugosons Chark AB shares previously owned by HKScan will be
transferred to Alviksgården Lantbruks AB. The sales price amounted to EUR 2.2
million which was paid in cash. The transaction caused an asset impairment of
EUR 2.1 million which will be reported as a non-recurring cost in the fourth
quarter of 2013. 


Nyhléns & Hugosons Chark AB is engaged in the meat and processed meats
business. The company's net sales are approximately SEK 500 million (EUR 50
million) and it employs 230 people and has plants in Luleå, Alvik, Skellefteå
and Ullånger. 

HKScan's aim is to streamline its business structure in Sweden, continue its
brand and product offering development and raise the added-value of its
products.The Scan brand is the local market leader and one of the best-known
consumer brands in Sweden.Pärsons brand is the leading brand in e.g. cold cuts. 



HKScan Corporation
Hannu Kottonen
CEO


For more information, please contact:
Göran Holm, EVP HKScan's consumer business in Scandinavia, tel. + 46 706 570
034 (in English or Swedish), 
Thomas Perkiö, VP Business Development, HKScan Sweden, tel. +46 8 725 8597 (in
English or Swedish) 

HKScan is one of the leading food companies in northern Europe, with home
markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan
manufactures, sells and markets pork and beef, poultry products, processed
meats and convenience foods under strong brand names. Its customers are the
retail, food service, industrial and export sectors. In 2012, it had net sales
of EUR 2.5 billion and some 11 000 employees. 


DISTRIBUTION:
NASDAQ OMX Helsinki Ltd,
Main media,
www.hkscan.com