HKScan Oyj - Major shareholder announcements

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

HKScan Corporation, Stock exchange release 27 March 2024 at 01.25 p.m. EET

HKScan Corporation has on 27 March 2024 filed the following notification
pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act according
to which HKScan Corporation's total holding of own shares has increased above
five (5) per cent of shares and above ten (10) per cent of votes on 27 March
2024.

The notification relates to HKScan Corporation's acquisition of a total of
7,534,750 own shares (of which 6,869,750 are A shares and 665,000 are K shares),
which Lantmännen ek för transferred on 27 March 2024 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. The notification
relating to Lantmännen ek för's position of HKScan Corporation's shares was
released earlier today on 27 March 2024.

Total positions of HKScan Corporation 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         9.14%   -            9.14% of   98,951,781 shares
situation on the  of                   shares     201,551,781 votes
date on           shares               10.75% of
which threshold   10.75%               votes
was crossed or    of
reached           votes
Positions of      -       -            -
previous
notification
(if applicable)

Notified details of the resulting situation on the date on which the threshold
was crossed or reached:
A: Shares and voting rights

Class / type    Number of                  % of
of shares       shares and                 shares
                voting                     and
                rights                     voting
                                           rights
                Direct      Indirect (SMA  Direct    Indirect (SMA
                (SMA 9:5)   9:6 and 9:7)   (SMA      9:6 and 9:7)
                                           9:5)
Series A        8,376,408   0              8.47% of  0
share                                      shares
FI0009006308                               4.16% of
                                           votes
Series K share  665,000     0              0.67% of  0
FI0009006662    shares                     shares
                13,300,000                 6.60% of
                votes                      votes
Subtotal A      9,041,408                  9.14% of
                shares                     all
                21,676,408                 shares
                votes                      10.75%
                                           of all
                                           votes

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