HANNU KOTTONEN TO BE HKSCAN'S NEXT CEO

HKScan Corporation     STOCK EXCHANGE RELEASE  17 November 2011, at 00.30pm

HANNU KOTTONEN TO BE HKSCAN’S NEXT CEO

 HKScan's Board of Directors has appointed Hannu Kottonen (54) as the company's next CEO. Mr Kottonen is moving to HKScan from Metsä Tissue Corporation, whose CEO he has been since 2006. Prior to this, he has served as the head of M-real Corporation’s Consumer Packaging business area between 2004 and 2006, and has been employed by the Huhtamaki Group in various positions, including CFO and president of the Fresh Food Packaging Division.

 Mr Kottonen will take up his new position when HKScan's current CEO Matti Perkonoja retires, as announced earlier, at the end of February 2012.

 According to Juha Kylämäki, chairman of HKScan’s Board of Directors, Mr Kottonen has strong track record and experience in integrating the business operations of international companies and in building uniform operating models. This experience will be needed in further developing the structure of the HKScan Group, which has rapidly expanded in recent years, and in integrating the robust country units into a more efficient entity.

 It is time at HKScan to take advantage of synergies to improve productivity and cash flow. Well-known brands, the high quality of the products, a responsible way of working and skilled employees create a good foundation for further development of the company says Hannu Kottonen.

 Further information about Hannu Kottonen is available on HKScan’s website: www.hkscan.com -> Presentation of the Management Board.

HKScan Corporation

 Board of Directors

Further information is available from:

- Juha Kylämäki, chairman of HKScan’s Board of Directors.
- Hannu Kottonen, the future CEO of HKScan.

Please leave any messages for them to call with communications manager Marja Siltala, tel. +358 10 570 2290.

 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.

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