Raisio - Tender offer

RAISIO ANNOUNCES A RECOMMENDED CASH OFFER FOR UK BASED GLISTEN PLC

Raisio plc, Stock exchange release, 10 February 2010 at 9 am Finnish time       

RAISIO ANNOUNCES A RECOMMENDED CASH OFFER FOR UK BASED GLISTEN PLC              

Raisio plc has announced a public offer to acquire the entire issued ordinary   
share capital of Glisten plc valuing the entire issued ordinary share capital at
approximately EUR 22.8 (GBP 19.8 million). Glisten plc is a public company      
listed on the AIM market of the London Stock Exchange operating in the health,  
nutrition and premium snacking sectors. The completion of the acquisition       
process is expected to take place at the beginning of the second quarter of 2010
if the shareholders of Glisten support Raisio's offer. Raisio's offer will be   
made through Raisio UK Limited, a new company incorporated in England and Wales 
formed specifically for the purposes of making the offer.                       

The offer is for EUR 1.61 (GBP 1.40) per Glisten ordinary share. It represents a
premium of approximately 62 per cent over the closing price of EUR 0.99 (GBP    
0.865) on 9 February 2010. Raisio has a significant support from Glisten        
shareholders including senior management to accept the offer. The acquisition,  
which will be entirely in cash, provides certainty to Glisten shareholders      
during a period of continued uncertainty in the financial markets and economic  
environment.                                                                    

Raisio's CEO Matti Rihko says that Glisten fits extremely well to Raisio's      
business and growth strategy. "The acquisition provides both companies good     
opportunities for growth in the UK market as well as in Raisio's existing market
areas by combining synergies of brands and products."

Glisten plc offers consumer-led innovation for the snack foods market. The      
growing company operates in the health and nutrition snack sectors. Fruitus and 
Dormen's are well established brands in their categories. The headquarters are  
located near Leeds in Northern England. The Group employs approximately 650     
people across its eight manufacturing sites around the UK.                      

Glisten's net sales for the year ended 30 June 2009 was EUR 85.5 (GBP 74.4      
million) and EBIT was EUR 5.9 (GBP 5.1 million). EBITDA was EUR 8.2 million (GBP
7.1 million). Group's net debt at the moment is EUR 32.3 million (GBP 28.1      
million).                                                                       

A full copy of the offer announcement released in the UK can be found at        
www.raisio.com - News - Releases. Further information about Glisten can be
found at www.glisten.plc.uk. 

RAISIO PLC                                                                      

Heidi Hirvonen                                                                  
Communications Manager                                                          
tel. +358 50 5673060                                                            

Further information:                                                            
CEO Matti Rihko, tel. +358 400 830 727                                          


The offer has been made in Sterling GBP. Exchange rate of 1€:£0.87 has been     
used.