Raisio - Company Announcement

Kavli buys Raisio’s non-dairy business

Raisio plc      Stock Exchange Release, 5 March 2013

KAVLI BUYS RAISIO'S NON-DAIRY BUSINESS

Norwegian Kavli Group is to buy the fixed assets and some brands of Raisio's
non-dairy business. Raisio has produced oat, soy and rice-based non-dairy
products at its factory in Turku since 2006. Non-dairy business has annual net
sales of around EUR 7 million. The sale of the business is part of Raisio's
move towards focusing on its core activities. 

The companies have today signed an agreement on the sale of non-dairy fixed
assets and brands. Through the deal, Kavli will acquire the Nordic Milkfreedom
and Soygurt brands, as well as the licenses to the brands of Carlshamn Mejeri,
Sunnuntai and Nalle non-dairy products. In future, Kavli will produce under
contract manufacturing agreement Raisio's Elovena snack drinks, which have
strengthened their position in the Elovena product line. 

The business is to be transferred to the new owner during the second quarter of
2013. The Turku factory has 10 employees, who will continue under the same
terms of employment when the business is taken over by Kavli. With the
acquisition Kavli Group will strengthen its foothold in the Finnish and Swedish
markets with a new product category. 

Kavli Group is one of Norway's largest and most international food companies,
employing some 800 staff. The Group's turnover is around EUR 330 million.
Besides Norway, Kavli has companies in Sweden, Finland, Denmark and the UK.
Kavli is owned by the Kavli Trust. 

RAISIO PLC

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







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