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HK RUOKATALO?S AND DANISH CROWN?S JOINT VENTURE IS TO ACQUIRE ALL THE SHARES IN SOKOLÓW

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HK Ruokatalo Group Oyj  STOCK EXCHANGE BULLETIN  23 May 2006, 7.10pm


HK RUOKATALO’S AND DANISH CROWN’S JOINT VENTURE IS TO ACQUIRE ALL THE
SHARES IN SOKOLÓW

Saturn Nordic Holding AB, a joint venture of HK Ruokatalo Group and
Danish Crown, intends to acquire all the shares in the Polish meat
company Sokolow S.A.

Saturn Nordic Holding currently owns 91.75 per cent of Sokolów’s share
capital and intends to take over the remaining minority shares by
means of a mandatory squeeze out. The mandatory squeeze out procedure
will be carried out according to the rules of the Polish stock
exchange legislation, which include procedures for fixing the minimum
price applicable for the minority shares. The squeeze out procedure
has been initiated today.

The price per share for the remaining minority shares will be PLN 5.80
(appr. EUR 1.47). This is the same price which was recently offered in
a public tender. The squeeze out procedure is expected to be completed
in the mid of June 2006.

Saturn Nordic Holding has earlier this year notified its intention to
de-list Sokolów. A public tender for the minority shares was therefore
launched in April. The decision about de-listing is expected to be
taken at the General Assembly of Sokolów on May 24 in Warsaw, however
the de-listing will be completed after the squeeze out procedures have
been carried through.

HK Ruokatalo and Danish Crown as owners of Saturn Nordic Holding are
active industrial investors with the aim of developing Sokolów in a
long-term manner in cooperation with its management board. Full and
private ownership is the optimal way of supporting this development.
Sokolów will continue to be a Polish company operating with its Polish
management in close cooperation with suppliers, employees and
customers at the Polish market, including export. HK Ruokatalo’s and
Danish Crown’s intentions has been clearly demonstrated also last year
by retaining the earnings in Sokolów and significantly increasing the
investment level.


HK Ruokatalo Group Oyj


Kai Seikku
CEO


DISTRIBUTION:
Helsinki Exchanges
www.hk-ruokatalo.fi

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