HKScan Oyj - Major shareholder announcements

NOTIFICATION OF A CHANGE OF OWNERSHIP INTEREST UNDER CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT

HKScan Corporation        STOCK EXCHANGE BULLETIN       Nov 24, 2009 at 5pm


NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR
SOUTH AFRICA. 


NOTIFICATION OF A CHANGE OF OWNERSHIP INTEREST UNDER CHAPTER 2, SECTION 10 OF
THE FINNISH SECURITIES MARKETS ACT 

HKScan Corporation ("HKScan") and Danske Bank A/S have signed an underwriting
agreement relating to HKScan's share offering announced on 24 November 2009,
and HKScan has today received a flagging notice from Danske Bank A/S Helsinki
branch based on the agreement. Danske Bank A/S announced in the flagging notice
the holding it would receive if the underwriting commitment will realize in
full. 

The announcement is given as follows (the information is partly condensed):

”Danske Bank A/S Helsinki Branch (company number 1078693-2) has today 24
November 2009 given an underwriting commitment i.e. it has subject to certain
conditions committed to subscribe for offered shares that remain unsubscribed
for in the rights offering of HKScan Corporation, as set forth in the terms and
conditions of the offering published today by the company. 

Danske Bank Helsinki Branch holds 50,000 A-shares in HKScan Corporation before
the offering. If the underwriting commitment realizes in full, Danske Bank A/S
Helsinki Branch will subscribe for 7,623,377 A-shares representing as many
voting rights and will hold together with its previous holding 7,673,377 shares
and votes which represent 14,2 % of all the shares and 4,9 % of all the voting
rights in HKScan Corporation after the offering provided that the offering is
fully subscribed. 

If the underwriting commitment realizes in full the holdings of Danske Bank
A/S, Helsinki Branch will exceed 1/10 of all shares in HKScan.  The final
results of the rights offering will according to the terms and conditions of
the offering be published on 22 November 2009 when it is also known if the
underwriting commitment realizes in full or in part. 

Danske Bank Group companies do not hold any other shares in HKScan Corporation”.


HKScan Corporation
Board of Directors


Further information: Matti Perkonoja, CEO of HKScan Corporation. Please leave
any messages for him to call with Marjukka Hujanen on +358 (0)10 570 6218. 


DISCLAIMER:

This announcement does not constitute or form part of an offer or solicitation
to purchase or subscribe for securities in the United States. The securities
referred to herein may not be sold in the United States absent registration or
an exemption from registration under the U.S. Securities Act of 1933, as
amended. HKScan Corporation does not intend to register any portion of the
offering of the securities in the United States or to conduct a public offering
of the securities in the United States. Copies of this announcement are not
being made and may not be distributed or sent into the United States, Canada,
Australia, Hong Kong, Japan or South Africa. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

This communication does not constitute an offer of securities to the public in
the United Kingdom. This communication is directed only at (i) persons who are
outside the United Kingdom or (ii) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “Order”) and (iii) persons falling within Article
49(2) (a) to (d) (“high net worth companies, unincorporated associations etc.”)
of the Order (all such persons together being referred to as “relevant
persons”). Any investment activity to which this communication relates will
only be available to and will be engaged only with, relevant persons. Any
person who is not a relevant person should not act or rely on this document or
any of its contents. 



DISTRIBUTION:
Nasdaq OMX, Helsinki
Main media
www.hkscan.com