HK RUOKATALO REDEEMS REMAINING SHARES IN RAKVERE LIHAKOMBINAAT

HK Ruokatalo Group Oyj  STOCK EXCHANGE BULLETIN 21 June 2006, at 4pm

HK RUOKATALO REDEEMS REMAINING SHARES IN RAKVERE LIHAKOMBINAAT

HK Ruokatalo Group intends to raise its ownership in Rakvere
Lihakombinaat from current 95.74 per cent to 100 per cent. Finnish
meat company HK Ruokatalo Group is to acquire the remaining shares of
its Estonian subsidiary by means of a buy-out procedure. For the
moment there are some 320 minority shareholders who possess a total of
about 1.6 million shares.

A majority shareholder who owns at least 90 per cent of share capital
can apply for the takeover of minority shares against a fair monetary
compensation. The procedure has been initiated today, and at the first
stage Rakvere Lihakombinaat's Management Board will call General
meeting of shareholders to decide on the matter. The amount of
monetary compensation per share determined by HK Ruokatalo Group for
the remaining minority shares is EEK 45.40 (appr. EUR 2.90). The price
has been fixed according to the regulations of the Estonian commercial
code and securities market legislation.

HK Ruokatalo Group has had a majority holding in Rakvere Lihakombinaat
from summer 1998 and has developed Rakvere's operations ever since in
a long-term manner and succesfully. The redemption of minority
shareholders does not change Rakvere's status or assignments in the
group. The action taken makes it possible to enhance intra group
decision-making and management.

A similar procedure has been running in Poland where HK Ruokatalo
Group was participant in a redemption of minority shares in meat
company Sokolów.


HK Ruokatalo Group Oyj


Kai Seikku
CEO


DISTRIBUTION:
Helsinki Exchanges
www.hk-ruokatalo.fi