2008-12-30 08:30:00 CET

2008-12-30 08:30:01 CET


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Lännen Tehtaat - Company Announcement

EFFICIENCY IMPROVEMENTS IN LÄNNEN TEHTAAT'S FISH PRODUCTS BUSINESS AND GROUP MANAGEMENT


LÄNNEN TEHTAAT PLC 	STOCK EXCHANGE RELEASE    30 DECEMBER 2008 AT 9.30 AM       

EFFICIENCY IMPROVEMENTS IN LÄNNEN TEHTAAT'S FISH PRODUCTS BUSINESS AND GROUP    
MANAGEMENT                                                                      

The Lännen Tehtaat Group is making its Fish Products Business more efficient by 
streamlining the organizational structure. The head of Apetit Kala, the head of 
retail concept sales and the head of the Maritim Food Group, who are responsible
for the different units of the Group's Fish Products Business, will from now on 
report directly to the CEO of the Lännen Tehtaat Group. The posts of the        
director of the Fish Products Business, the sales director for Maritim Food     
Sweden, the project manager for the Fish Products Business and the project      
manager working at Lännen Tehtaat group management will also be abolished.      

As a result of the streamlining measures, Lännen Tehtaat will during the final  
quarter recognize non-recurring expenses of about EUR 0.5 million directed      
mainly at the Fish Products Business. The costs savings are estimated to improve
the Group's operating profit by around EUR 0.6 million per year starting in     
2009.                                                                           

The Lännen Tehtaat's Fish Products Business is made up of Apetit Kala Oy,       
operating in Finland, and the Maritim Food Group, which operates in Norway and  
Sweden. Apetit Kala produces, markets and sells processed fish products under   
the Apetit brand and private labels and sells fish, fish products and other     
fresh products at its Kalatori-service counters. The companies belonging to the 
Maritim Food Group produce and sell fish, processed fish and shellfish products 
in Norway and Sweden under private labels and under their own Maritim and       
Sunnmöre brands.                                                                

LÄNNEN TEHTAAT PLC                                                              
Matti Karppinen                                                                 
CEO  
For more information, please contact CEO Matti Karppinen, tel. +358 10 402 4001 
                                                                                
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