HKScan Oyj - Major shareholder announcements

HKScan Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

HKScan Corporation, Stock exchange release 27 March 2024 at 01.20 p.m. EET

HKScan Corporation has on 27 March 2024 received a notification under Chapter 9,
Section 5 of the Finnish Securities Markets Act, according to which the total
holding of shares and votes of Lantmännen ek för in HKScan Corporation has
decreased below the five (5) per cent threshold on 27 March 2024.

According to the notification, on 27 March 2024, Lantmännen ek för transferred
its 6,869,750 Series A shares and 665,000 Series K shares in HKScan Corporation
to HKScan Corporation as part of the purchase price in a transaction where
Lantmännen ek för acquired HKScan Corporation's Swedish subsidiary HKScan Sweden
AB. As a result of the sale, Lantmännen ek för no longer holds any shares in
HKScan Corporation.

Total position of Lantmännen ek för subject to the notification:

                  % of     % of shares  Total of   Total number of shares
                  shares   and voting   both in %  and voting rights of
                  and      rights                  issuer
                  voting   through
                  rights   financial
                           instruments
Resulting         0.00%    -            0.00%      98,951,781 shares
situation on the                                   201,551,781 votes
date on
which threshold
was crossed or
reached
Positions of      5.97%    -            5.97% of
previous          of                    shares
notification      shares                10.10% of
                  10.10%                votes
(if applicable)   of
                  votes

Notified details of the resulting situation on the date on which the threshold
was crossed or reached:

A: Shares and voting rights

Class / type of  Number                 % of
shares           of                     shares
                 shares                 and
                 and                    voting
                 voting                 rights
                 rights
                 Direct  Indirect (SMA  Direct  Indirect (SMA
                 (SMA    9:6 and 9:7)   (SMA    9:6 and 9:7)
                 9:5)                   9:5)
Series A share,  0       0              0.00    0.00
ISIN code
FI0009006308
Series K share,  0       0              0.00    0.00
ISIN code
FI0009006662
Subtotal A       0                      0.00

HKScan's shares are divided into two share series as follows: 93,551,781 A
shares (94.54 per cent of the total number of shares) and 5,400,000 K shares
(5.46 per cent of the total number of shares). Each A share entitles to one (1)
vote, and each K share entitles to twenty (20) votes.

For further information

Markku Suvanto, EVP Administration and Legal, tel. +358 10 570 6914 or by email
markku.suvanto@hkscan.com
HKScan Media Service Desk, email communications@hkscan.com or tel. +358 10 570
5700

With 110 years of experience, we at HKScan make life tastier - today and
tomorrow. Our strategic target is to grow into a versatile food company. Our
home markets are Finland and Denmark, where around 3,600 of our professionals
make responsible and locally produced food for consumers' varied food moments.
Our well-known brands include HK®, Kariniemen®, Via® and Rose®. We are
developing a more climate-friendly way of producing food. HKScan is a publicly
listed company, and in 2023, our net sales from continuing operations totalled
nearly EUR 1.2 billion. www.hkscan.com

Distribution:

Nasdaq Helsinki
Main media
www.hkscan.com