Lännen Tehtaat - Company Announcement

MARITIM FOOD AS HAS DECIDED TO CONCENTRATE PRODUCTION AT ONE PLANT IN FREDRIKSTAD, NORWAY

LÄNNEN TEHTAAT PLC    STOCK EXCHANGE RELEASE 15 April 2011 at 9.00 a.m.

Maritim Food AS, a Lännen Tehtaat plc subsidiary that makes minced fish
products, dressings and smoked fish products, has decided to shut down its
Stabburveien plant and concentrate the production of minced fish products and
dressings at its Råbekksvingen plant in Fredrikstad, Norway. Shutting down the
Stabburveien plant will also mark the discontinuation of smoked-fish
production. The changes will take place in 2011. 

The estimated annual performance improvement from concentrating production is
some EUR 0.5 million, and this will begin to materialise in the third quarter
of 2011. Non-recurring costs from the reorganisation of production and the
shutdown of one production plant are estimated at about EUR 1.5 million and
will be recognised in the second-quarter result of the Seafood business. 

In addition to the plants in Fredrikstad, the Maritim Food Group has a plant in
Gjerdsvika in western Norway that produces canned fish products, fishburgers
and fishballs, and a plant in Dingle in southwest Sweden, which produces mainly
shellfish in brine. 

The Group companies' products are sold in Norway and Sweden under their own
brands, namely Maritim, Fader Martin and Sunnmöre, and under retailers' private
labels.  Shellfish in brine are also imported to Finland and sold under the
Apetit Maritim label. 

The net sales of Maritim Food Group in 2010 totalled approximately EUR 32
million and it had a personnel of 110. 


Lännen Tehtaat plc
Matti Karppinen
CEO



Further information: CEO Matti Karppinen, tel. +358 40 8448 692



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