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Eastern European Markets

PRESS RELEASE
February the 10th, 2012

Anne Mere appointed to HKScan’s Management Board with responsibility for market areas of Finland and the Baltics

HKScan is combining and rendering closer to each other the operative management of the market areas of Finland and the Baltics. Anne Mere, MBA, managing director of HKScan's Estonian subsidiary AS Rakvere Lihakombinaat, has been appointed to the post as of 10 February 2012. She also becomes a member of HKScan's Management Board. Ms Mere will be responsible for HKScan’s market area of Finland as HKScan Finland Oy's managing director, and for the market area of the Baltics.

HKScan has already combined in January the operative management of the market areas of Sweden and Denmark under Scan AB's managing director Denis Mattsson. According to HKScan’s CEO Matti Perkonoja, the company's goal is to utilise the synergies between the various market areas more effectively.

The change will not affect HKScan’s reporting. The business segments will continue to report as separate entities.

Anne Mere has worked in the HKScan Group since 2003. She has held the post of managing director at AS Rakvere Lihakombinaat since 2008 and was previously the company's marketing director. Prior to Rakvere, Ms Mere worked at, among other companies, Austria Tabak and Unilever, both in Estonia.

HKScan’s Management Board as of 10 February 2012 consists of Matti Perkonoja, CEO (chairman until 29 February 2012, when Hannu Kottonen will take over as CEO); Irma Kiilunen, CFO; Anne Mere, director responsible for the market areas of Finland and the Baltics, Denis Mattsson, director responsible for the market areas of Sweden and Denmark, Sirpa Laakso, HR director and Markku Suvanto, administrative and legal director. HKScan’s market area of Finland, HKScan Finland Oy

HKScan Finland Oy is responsible for the HKScan Group's operations in Finland. Its wholly owned subsidiaries are HK Ruokatalo Oy, HK Agri Oy and Järvi-Suomen Portti Oy. In addition, HKScan Finland has a holding in Kotipalvaamo Oy and in Harri Tamminen Oy.
Net sales in the HKScan Group's market area of Finland in 2010 amounted to EUR 718.5 million, which was 33 percent of total net sales for the whole Group.

Product brands in Finland are HK, Kariniemen, Tamminen, Kivikylän and Portti.

Jari Leija will continue as managing director of HK Ruokatalo Oy, the largest subsidiary in the market area of Finland.

HKScan’s market area of the Baltics

The HKScan Group's market area of the Baltics consists of the Estonian companies AS Rakvere Lihakombinaat and AS Tallegg. Rakvere has three subsidiaries: the Estonian company AS Ekseko, the Latvian companies Rigas Miesnieks A/S and Jelgavas Galas Kombinats A/S, and the Lithuanian company Klaipedos Maisto Mesos Produktai.
The companies’ brands in Estonia are Rakvere and Tallegg, in Latvia Rigas Miesnieks and Jelgava and in Lithuania Klaipedos Maistas.

In 2010, the HKScan Group’s net sales in the Baltics totalled EUR 160.4 million, which was 7 percent of total net sales for the whole Group.

Along with Ms Mere's appointment, Teet Soorm has been appointed managing director of AS Rakvere Lihakombinaat. He will also continue as managing director of AS Tallegg and AS Ekseko.

About HKScan
HKScan is one of the leading food companies in northern Europe with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under several well-known local brand names. Its customers are retail, the HoReCa sector, industry and export customers. HKScan is active in nine countries and has some 11 000 employees. It had net sales of EUR 2.1 billion in 2010.

HKScan Corporation
Matti Perkonoja
CEO

For more information
HKScan Corporation, Matti Perkonoja, CEO. Please leave any messages for him to call with Marjukka Hujanen on +358 10 570 6218.
HKScan Finland Oy, Anne Mere, managing director, tel. +372 50 25899.

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media

www.hkscan.com


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