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HK RUOKATALO INCREASED ITS SHARE CAPITAL

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HK Ruokatalo Oyj    STOCK EXCHANGE BULLETIN 17 Feb 2003, 12.50am


HK RUOKATALO INCREASED ITS SHARE CAPITAL

Pursuant to the authorisation given by the shareholders' meeting on 15
April 2002, HK Ruokatalo Oyj's Board of Directors has increased the
company's share capital from EUR 39,206,216.00 to EUR 39,315,551.50
through a EUR 109,335.50 private placing of 64,315 new A Shares each
having a nominal value of EUR 1.70 for subscription by the
shareholders of Helanderin Teurastamo Oy. HK Ruokatalo's Board of
Directors has accepted the subscriptions made.

The increase in share capital related to a deal in which HK Ruokatalo
increased its 85 per cent holding in Loimaa-based slaughterhouse
Helanderin Teurastamo Oy to 100 per cent. The deal was financed
through a share-for-share offer.


Impact of the issue on share capital

Present share capital     23,062,480 shares      EUR 39,206,216.00
Increase                      64,315 shares         EUR 109,335.50
New share capital         23,126,795 shares      EUR 39,315,551.50


Subsequent to the increase in share capital the shares are as follows

A Shares                  17,726,795 shares      EUR 30,135,551.50
K Shares                   5,400,000 shares       EUR 9,180,000.00
Total                     23,126,795 shares      EUR 39,315,551.50

The 64,315 new A Shares issued in connection with the increase in
share capital will be traded on the Helsinki Exchanges together with
existing HK Ruokatalo A Shares on or about 27 February 2003.


HK Ruokatalo Oyj



Simo Palokangas
Chief Executive Officer


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

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