HK RUOKATALO CORPORATE RESTRUCTURE ALMOST COMPLETE
HK Ruokatalo Group Oyj STOCK EXCHANGE RELEASE 31 March 2005 at 9:20am
HK RUOKATALO CORPORATE RESTRUCTURE ALMOST COMPLETE The corporate restructure embarked on in autumn 2004 is almost complete. HK Ruokatalo Oyjs fully-owned subsidiaries Broilertalo Oy, Food Kuljetus Oy, Koiviston Teurastamo Oy and Pouttu Foods Oy have merged with and into HK Ruokatalo Oyj. The mergers have been entered in the trade register today. The amendments to the Articles of Association approved by the Extraordinary General Meeting on 23 February 2005 were likewise entered in the Trade Register today. Under the amendments HK Ruokatalo Oyj is to change its name to HK Ruokatalo Group Oyj. Under the restructure, the Groups Finnish industrial operations, sales, marketing, logistics and transportation are to be transferred to a subsidiary known as HK Ruokatalo Oy, which was established in February. The transfer of business operations from HK Ruokatalo Group Oyj to HK Ruokatalo Oy is to take place so that HK Ruokatalo Oy assumes responsibility for the operations effective 1 April 2005. HK Ruokatalo Group Oyj owns the entire share capital of HK Ruokatalo Oy. Both companies have the same chief executive. Likewise the same persons sit on the boards of directors of both companies. The new corporate structure consolidates the Groups operations strategy to create a process-like value chain. At the same time the new structure standardises operational practices and corporate culture, and cuts costs. The restructure is mostly an internal one and has no impact on the position of either the listed parent company HK Ruokatalo Group Oyj or its shareholders. Subsequent to the business transfer, the parent company will retain responsibility for Group management, finance and administration. Visit our website at www.hk-ruokatalo.fi > Contact information for further details. HK Ruokatalo Group Oyj Simo Palokangas CEO DISTRIBUTION: Helsinki Exchanges Internet: www.hk-ruokatalo.fi