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 4.20 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
Sveriges Djurbönder 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 Sveriges Djurbönder ek. för. has decreased below the threshold of ten
(10) per cent and the share of voting rights has decreased below five (5) per
cent on 21 December 2016. According to the notification, the reason for the
notification was a disposal of shares and voting rights. 

Sveriges Djurbönder ek.för’s position according to the notification:



                                 % of shares and voting  Total number of shares 
                                 rights                  and voting rights      
--------------------------------------------------------------------------------
Resulting situation on the date  6.57% of shares and     55 026 522 shares and  
 on                              2.29% of voting rights  157 626 522 voting     
which threshold was crossed or                            rights                
reached                                                                         
--------------------------------------------------------------------------------
Position of previous             12.45% of shares and                          -
 notification*                   12.35% of voting                               
                                  rights                                        
--------------------------------------------------------------------------------



* The previous notification was made under Sveriges Djurbönder ek.för’s
previous name Swedish Meats ekonomisk förening. 

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

A: shares and voting rights



Class/type of       Number of shares     % of shares and voting rights          
 shares,             and                                                        
ISIN code           voting rights                                               
--------------------------------------------------------------------------------
                    Direct     Indirect  Direct                         Indirect
--------------------------------------------------------------------------------
A-shares, ISIN      3 615 000         -  6.57% of all the shares and           -
 code                                     2.29%                                 
FI0009006308                             of all the voting rights               
--------------------------------------------------------------------------------
K-shares, ISIN              0         -                              0         -
 code                                                                           
FI0009006662                                                                    
----------------------------------------                               ---------
Total               3 615 000         -  6.57% of all the shares and           -
                                          2.29%                                 
                                         of all the 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, 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