Lännen Tehtaat - Company Announcement

LÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE 6 April 2011, at 3;30

APETIT KALA OY'S COST-EFFICIENCY PROGRAMME HAS REACHED THE IMPLEMENTATION STAGE

Apetit Kala Oy, a subsidiary of Lännen Tehtaat plc, launched a cost-efficiency
programme in its Finnish Seafood business in February. The aim of this
programme is to make significant cuts in fixed costs. 

The reorganisation of white-collar positions in sales, financial administration
and logistics related to the programme has reached the implementation stage. In
order to make better use of Group synergies, Apetit Kala Oy's sales and
financial administration functions will be concentrated in the Group's other
units. The company's procurement, production and logistics functions will be
centralised in Kuopio. The organisational changes will result in the loss of
nine jobs in Kuopio and the creation of a total of three jobs in Espoo and
Säkylä. These changes will take place by the end of May. Non-recurring costs of
about EUR 0.1 million will be recognised in the second-quarter result as a
result of the reorganisation of white-collar positions. 

In connection with the cost-efficiency programme, a decision was also made not
to fill four white-collar positions that have become vacant since the end of
last year. 

It is estimated that annual savings of about EUR 0.9 million will be achieved
with these personnel solutions and by cutting IT, HR and marketing expenses.
The impact of these cuts will be felt in full from the start of the second half
of the year. 

Apetit Kala Oy and its subsidiary, Myrskylän Savustamo Oy, produce, market and
sell fresh fish products under the Apetit and Safu brands and under retailers'
private labels. Apetit Kala also sells fish, fish products and other fresh
products at Kalatori service counters. Taimen Oy, an associated company of
Apetit Kala Oy, and its subsidiaries specialise in fish farming and fry and
fingerling production. The Group companies form the most efficient fresh-supply
chain for rainbow trout on the Finnish market. 

Lännen Tehtaat plc
Matti Karppinen
CEO

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

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