Raisio - Company Announcement

Raisio Group to start statutory cooperation negotiations

Raisio plc, Stock Exchange Release, 8 October 2012, at 1 p.m. Finnish time

RAISIO GROUP TO START STATUTORY COOPERATION NEGOTIATIONS

Raisio Group will start statutory cooperation negotiations concerning mainly
its Brands Division's Finnish operations, Raisioagro's feed protein business
and the Group's support functions. The negotiations will cover around 230
employees and the maximum personnel reduction need is estimated to be 60
people. 

The negotiations concerning all personnel groups will start on Monday 15
October 2012. The process is expected to be completed at the beginning of
December. The negotiations concern possible terminations and combinations of
functions and duties as well as restructuring of individual tasks. 

Raisio's cooperation negotiations are largely related to the need to improve
the declining competitiveness and profitability of the Brands Division's
Finnish operations. In addition, the production capacity will be adjusted to
meet the changed operating environment. The objective is to adapt the
operations to meet levels of demand. With lighter cost structure and
flexibility, it is possible to ensure the company's long-term competitiveness. 

The company is seeking solutions for the low profitability of the feed protein
business. Furthermore, the production of the factory crushing rapeseed will be
adjusted to meet the market conditions. In rapeseed crushing, the share of
Finnish raw material has decreased significantly and the harvest outlook is
poor. Profitable operations are not possible with imports of crushable seeds
and logistics costs resulting from the sales of rapeseed oil abroad. 

“It is unfortunate that Raisio has to start such large-scale cooperation
negotiations in its Finnish operations. However, we need to ensure our
competitiveness in the changing business environment as well as the
profitability of all operations also in the future” says Merja Lumme, Raisio's
Vice President, Human Resources. 

RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
tel. +358 50 567 3060