FINAL RESULT OF HKSCAN CORPORATION'S SHARE OFFERING
HKScan Corporation STOCK EXCHANGE RELEASE Dec 23, 2009 at 12noon
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR SOUTH AFRICA. FINAL RESULT OF HKSCAN CORPORATION'S SHARE OFFERING The final result of HKScan Corporation's (“HKScan”) share offering shows that 14 569 254 shares were subscribed for in the primary subscription, representing 99.0 % of the total number of A-shares offered in the share offering treasury shares excluded. The remaining 151 075 A-shares, or 1.0 % of the share offering will be allocated in accordance with the terms and conditions of the share offering to those subscribers who have subscribed for shares in the secondary subscription. The underwriting commitment given by Danske Bank A/S did thus not materialize. Trading in interim shares representing the shares subscribed for pursuant to the subscription rights, as a separate class of securities, commenced on 18 December 2009. The shares subscribed for in the share offering will be registered with the Finnish Trade Register and the interim shares will be combined with HKScan's existing shares on 29 December 2009. Trading in new shares on NASDAQ OMX Helsinki ltd will commence on 30 December 2009. The board of HKScan has today approved all subscriptions pursuant to the primary subscription. Subscriptions in the secondary offering have been approved in accordance with the terms and conditions of the share offering. As a result of the share offering, the total number of HKScan shares will increase by 14 720 329 shares to 54 026 522 shares and number of A-shares to 48 626 522 shares. The subscription price was EUR 5.30 per new share and the proceeds of the share offering amounted to EUR approximately 78.0 million before fees and expenses related to the offering. HKScan Corporation Board of Directors Further information: Matti Perkonoja, CEO of HKScan Corporation. Please leave any messages for him to call with Kari Suistoranta on +358 (0)10 570 6101 DISCLAIMER: This announcement does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. HKScan Corporation does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia, Hong Kong, Japan or South Africa. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This communication does not constitute an offer of securities to the public in the United Kingdom. This communication is directed only at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) persons falling within Article 49(2) (a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will be engaged only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. HKScan is one of the leading food companies in northern Europe with home markets in Finland, Sweden, the Baltics 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 10,000 employees. Annual net sales are 2.3 billion euro. DISTRIBUTION: Nasdaq OMX, Helsinki Main media www.hkscan.com