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SUBSCRIPTION OF LÄNNEN TEHTAAT PLC?S SHA

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LÄNNEN TEHTAAT PLC   STOCK EXCHANGE RELEASE June 10, 2004, at 5;00 pm


SUBSCRIPTION OF LÄNNEN TEHTAAT PLC’S SHARES AND PURCHASE OF SHARES IN
KUOPION KALATUKKU OY

Lännen Tehtaat plc and Antti Räsänen entered into an agreement in May
concerning the acquisition by Lännen Tehtaat plc of the majority of
the shares in Kuopion Kalatukku Oy from Antti Räsänen. The acquisition
was agreed to be carried out as a share exchange by issuing 195,000
new shares of Lännen Tehtaat plc as purchase price for subscription by
Antti Räsänen. As part of the transaction it was agreed that all the
shares of Tresko Fish Ltd, a subsidiary of Lännen Tehtaat plc, shall
be transferred to Kuopion Kalatukku Oy and Tresko Fish Ltd will be
later on merged into Kuopion Kalatukku Oy. In the agreements the
approval of the competition authorities was set as a precondition for
the completion of the transaction. Specific information regarding the
transaction was given in a Stock Exchange Release on May 13, 2004.

The competition authorities have approved the transaction. The
transaction was completed today when Antti Räsänen subscribed for the
abovementioned 195,000 shares in Lännen Tehtaat plc and 50.9% of
shares in Kuopion Kalatukku Oy were transferred to Lännen Tehtaat
along with the shares of Tresko Fish Ltd being transferred to Kuopion
Kalatukku Oy. As a result of the transaction Antti Räsänen’s holding
in Lännen Tehtaat plc will account for 3.09% of the outstanding share
capital and voting rights of the company.

LÄNNEN TEHTAAT PLC

Erkki Lepistö
President & CEO

More details: Erkki Lepistö, tel. +358 2 8397 4001.

Distribution:
Helsinki Exchanges
Main media
www.lannen.fi

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