Raisio - Company Announcement

Raisio plc to sell its malt business

Raisio plc   Stock Exchange Release 1 July 2011

RAISIO TO SELL ITS MALT BUSINESS

Raisio plc has sold its malt business to Viking Malt Ltd, the largest malt
manufacturer in the Nordic Countries. The divestment of Raisio Malt Ltd ensures
that strong malt industry remains in Finland. Raisio continues contract farming
of malting barley and develops the company's operations as a malting barley
trader and thus also as a partner to Viking Malt. The divestment of the malt
business is part of streamlining of Raisio's activities as synergies between
the company's other businesses have not been significant. 

The transaction value is EUR 17 million and Raisio recognises a one-off gain of
approximately EUR 5 million on the transaction for the second quarter results
of 2011. Malt business has been unprofitable as a result of, e.g., increased
energy taxes and waste water costs. 

Raisio Malt Ltd was transferred to the new owner on 1 July 2011 and, at the
same time, 24 Raisio employees were transferred to Viking Malt as serving
employees. 

Competitive situation in the European malt market has been challenging for some
time because of overcapacity of the sector, centralisation of breweries as well
as other raw materials used as malt substitutes. This deal facilitates the
continuation of a strong malt industry in Finland and domestic breweries
continue to have a Finnish malt supplier. 

Viking Malt Group is owned by Finnish Polttimo Oy and Swedish Lantmännen. Its
production plants are located in Finland, Sweden and Lithuania. Viking Malt
sells its products to the brewing and beverage industries worldwide. Net sales
of Viking Malt Group were EUR 85 million in 2010 and the company employed 123
people at the end of 2010. 



RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060

Further information:
Raisio plc, Matti Rihko, CEO, tel. +358 400 830 727
Viking Malt Ltd, Antti Orkola, CEO, tel. + 358 400 412 413

Distribution
NASDAQ OMX Helsinki Oy
Key media
www.raisio.com