HKSCAN CORPORATION'S SHARE OFFERING OVERSUBSCRIBED
HKSCAN Corporation STOCK EXCHANGE RELEASE Dec 18, 2009 at 5pm
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR SOUTH AFRICA. HKSCAN CORPORATION'S SHARE OFFERING OVERSUBSCRIBED The subscription period for HKScan Corporation's (“HKScan”) share offering ended on 17 December 2009. Based on the preliminary result, approximately 16.2 million A-shares in total were subscribed for in the offering, representing approximately 109.9 % of the approximately 14.7 million A-shares offered in the share offering. According to the preliminary result, 97.5 % of the offered shares were subscribed for in the primary subscription and the remaining shares in the secondary subscription. Due to oversubscription in the share offering, the underwriting by Danske Markets will not be used. In accordance with the terms and conditions of the share offering, subscriptions in the secondary subscription will be accepted in proportion to the number of subscription rights used in the primary subscription. Trading in interim shares representing the shares subscribed for pursuant to the subscription rights, as a separate class of securities, commenced today 18 December 2009. The interim shares will be combined with HKScan's existing share class when the shares have been registered with the Trade Register. Such combination is expected to occur on or about 29 December 2009 and the trading in the shares on NASDAQ OMX Helsinki ltd is expected to commence on or about 30 December 2009. Final results of the offering will be published on or about 23 December 2009. HKScan Corporation Matti Perkonoja CEO Further information: Matti Perkonoja, CEO of HKScan Corporation. Please leave any messages for him to call with Marjukka Hujanen on +358 (0)10 570 6218. 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