Apetit Oyj - Company Announcement

Avena Nordic Grain invests in development of grain terminal at port of Inkoo

Apetit Plc, stock exchange release, 13 January 2015 at 9:30 a.m.

Avena Nordic Grain Oy, which is part of the Apetit Group, will invest EUR 1.8
million in the development of grain reception, storage and export facilities at
the Inkoo deepwater port. The investment consists of the construction of three
bulk dry stores with a combined total area of 6,120 m2. The dry stores will
allow the receipt and storage of grain and its loading into even the largest
Panamax-class ships. 

The investment project will improve the efficiency and increase the volume of
Finnish grain exports from the southern parts of the country to international
grain markets. With this investment, Avena Nordic Grain is aiming to achieve a
significant increase in its export volumes. At the initial stage the targeted
annual volume at the Inkoo port is approximately 50,000 tonnes of grain, of
which about 80% will be new export volume. 

The investment in the deepwater port at the centrally located Inkoo will
improve the efficiency of grain exporting especially from southern Finland, as
it will allow direct grain deliveries from farm to port, reducing the need for
intermediate storage. Finnish wheat export in particular, but also barley
export, has been increasing over the past decade, and the southernmost part of
the country has not previously had any grain exporting ports or grain
processing industry. 

Avena Nordic Grain has reached agreement with Inkoo Shipping Oy Ab concerning
the acquisition of support services required for grain handling at the port.
Avena Nordic Grain will construct a grain laboratory at the port, where Nylands
Svenska Lantbrukssällskap r.f. will provide grain analysis services. 

The construction work will begin immediately. The new bulk dry stores are
scheduled for completion in late summer 2015, allowing them to take grain from
the autumn threshing. 





Apetit Plc



Veijo Meriläinen
CEO



Further information:
Veijo Meriläinen, CEO, Apetit Plc, tel. +358 50 521 4061
Kaija Viljanen, Managing Director, Avena Nordic Grain Oy, tel. +358 40 501 2814



Copies to:
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www.apetitgroup.fi



Avena Nordic Grain Oy is Finland's leading trader in grains, oilseeds and
animal feedstuffs, and is a manufacturer and supplier of vegetable oils and
expeller. Avena's main market is the European Union, but it also trades in many
other markets. Avena is especially active in its home market, Finland. The
company's principal location is Espoo, but it also operates in other parts of
Finland: Vaasa, Pori, Salo, Kirkkonummi, Loimaa, Hämeenlinna, Kouvola and
Porvoo. Its oil milling plant, Mildola Oy, is located in Kirkkonummi. Avena
Nordic Grain's net sales in 2013 totalled EUR 209 million and the company
employed 73 people. Avena is part of the Finnish food company Apetit Plc, which
is listed on NASDAQ OMX Helsinki Ltd. In 2013, Apetit Plc had net sales of EUR
387.3 million and employed 782 people. For more information, go to www.avena.fi
and www.apetitgroup.fi.