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FINAL RESULT OF HK RUOKATALO?S SHARE OFFERING

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HK Ruokatalo Oyj       STOCK EXCHANGE RELEASE 1 Dec. 2004, at 10am


FINAL RESULT OF HK RUOKATALO’S SHARE OFFERING

The final result of HK Ruokatalo’s share issue indicate that 8,557,775
new Series A Shares, 99.33 per cent of the number of shares offered,
were subscribed by virtue of the Primary Pre-emptive Subscription
Right (Primary Right). The number of subscriptions made by virtue of
the Secondary Pre-emptive Subscription Right (Secondary Right)
exceeded the number of shares offered. All 8,615,798 Series A Shares
available for subscription in the offering were subscribed.

Meeting today, HK Ruokatalo’s Board of Directors has approved all the
subscriptions made in accordance with the terms and conditions of the
share offering by virtue of the Primary Right, and the allotment of
shares subscribed by virtue of the Secondary Right and has made
entries in accordance with allotment.

Shares subscribed by virtue of the Secondary Right have been allotted
to those shareholders subscribing them on a pro rata basis to their
shareholding at the record date, 1 November 2004. Each shareholder
subscribing for shares under the Secondary Right will receive around
0.91 per cent of their shareholding at the record date, rounded to the
nearest whole share. However, each shareholder will receive at most
the number of shares subscribed. Since only whole shares can be
issued, no shares will be allotted to shareholders owning 105 shares
or less.

Refunds of any excess sums paid in respect of share commitments under
the Secondary Right will be made on or about 7 December 2004. Each
shareholder subscribing for shares by virtue of the Secondary Right
will receive a letter confirming the number of shares allotted
him/her.

Shares subscribed and accepted by virtue of the Secondary Right will
be entered in subscribers’ book-entry accounts once the increase in
share capital has been entered in the Trade Register. This is expected
to take place on or about 7 December 2004. The new shares will be
combined with HK Ruokatalo’s existing Series A Shares once the
increase in share capital has been entered in the Trade Register. This
is expected to take place on or about 7 December 2004.

HK Ruokatalo’s share capital is to be increased by EUR 14,646,856.60
as a result of the share offering. Once the new shares have been
registered, the company’s share capital will be EUR 58,587,428.10
distributed among a total of 34,463,193 shares: 29,063,193 Series A
Shares and 5,400,000 Series K Shares. The shares subscribed in the
offering will be entitled to any future dividends commencing with any
dividend payable for the financial year beginning 1 January 2004 and
to other rights once the increase in share capital has been
registered.


HK Ruokatalo Oyj
Board of Directors



Simo Palokangas
CEO



THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR
DISTRIBUTION IN OR INTO THE UNITED STATES. THIS DOCUMENT DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR TO
OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS, NOR MAY THE SECURITIES
BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM REGISTRATION AS PROVIDED IN THE U.S. SECURITIES ACT OF
1933, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER AND
APPLICABLE STATE LAWS. THERE IS NO INTENTION TO REGISTER ANY PORTION
OF THE OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING
OF SECURITIES IN THE UNITED STATES.

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 OF REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS
OF ANY SUCH JURISDICTION.



DISTRIBUTION:
Helsinki Exchanges
Internet: www.hk-ruokatalo.fi

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