HKScan Oyj - Major shareholder announcements

Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

HKScan Corporation    Stock Exchange Release               21 December 2016    
           at 4:25 p.m. 

Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

HKScan Corporation has on 21 December 2016 received a notification from
Lantmännen ek för regarding changes in holdings in accordance with Chapter 9,
section 5 of the Finnish Securities Markets Act. 

According to the notification, the total amount of HKScan Corporation shares
owned by Lantmännen ek för has exceeded the threshold of five (5) per cent and
the share of voting rights has exceeded the threshold of ten (10) per cent on
21 December 2016. According to the notification, the reason for the
notification was an acquisition of shares and voting rights. 

Lantmännen ek för's position according to the notification:



                          % of shares and         Total number of shares and    
                          voting rights            voting                       
                                                  rights of the issuer          
--------------------------------------------------------------------------------
Resulting situation on    5.97% of shares and     55 026 522 shares and         
 the                      10.10% of voting        157 626 522 voting rights     
date on which threshold    rights                                               
 was                                                                            
crossed or reached                                                              
--------------------------------------------------------------------------------
Position of previous      No previous holdings    No previous holdings          
notification                                                                    
--------------------------------------------------------------------------------





Notified details of the resulting situation on the date on which the threshold
was crossed: 


A: shares and voting rights





                  Number of shares and voting  % of shares and voting rights    
                   rights                                                       
--------------------------------------------------------------------------------
Class/type of     Direct             Indirect  Direct                   Indirect
shares, ISIN                                                                    
 code                                                                           
--------------------------------------------------------------------------------
A shares, ISIN    2 619 750                 0  4.76% of all the shares         0
 code                                           and                             
FI0009006308                                   1.66% of all the voting          
                                               rights                           
--------------------------------------------------------------------------------
K shares, ISIN    665 000 shares            0  1.21% of all the shares         0
 code              and                         and 8.44% of all the             
FI0009006662      13 300 000 voting             voting                          
                  rights                       rights                           
--------------------------------------------------------------------------------
SUBTOTAL A        3 284 750 shares          0  5.97% of all the shares         0
                   and                          and                             
                  15 919 750 voting            10.10 % of all the               
                  rights                        voting                          
                                               rights                           
--------------------------------------------------------------------------------





HKScan’s shares are divided into two share series as follows: 49 626 522 A
shares (90.19 per cent of the total number of shares) and 5 400 000 K shares
(9.81 per cent of the total number of shares). Each A share entitles to one (1)
vote, and each K share entitles to twenty (20) votes. 

HKScan Corporation
Jari Latvanen
President and CEO

For further details, kindly contact Jari Latvanen, President and CEO or Tuomo
Valkonen, CFO, HKScan Corporation. Please submit a call-back request via
Marja-Leena Dahlskog, SVP Communications, HKScan Corporation,
marja-leena.dahlskog(at)hkscan.com or tel. +358 10 570 2142. 

HKScan is the leading Nordic meat expert. We produce, market and sell
high-quality, responsibly-produced pork, beef, poultry and lamb products,
processed meats and convenience foods under strong brand names. Our customers
are the retail, food service, industrial and export sectors, and our home
markets comprise Finland, Sweden, Denmark and the Baltics. We export to close
to 50 countries. In 2015, HKScan had net sales of approximately EUR 1.9 billion
and some 7 400 employees. 

Distribution: Nasdaq Helsinki Ltd., Main media www.hkscan.com