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HK RUOKATALO?S EXTRAORDINARY GENERAL MEETING

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HK Ruokatalo Oyj     STOCK EXCHANGE BULLETIN 23 Febr. 2005, at 1.45pm


HK RUOKATALO’S EXTRAORDINARY GENERAL MEETING

The corporate restructuring commenced at HK Ruokatalo in autumn 2004
made progress today as the extraordinary general meeting considered
the matter. The meeting approved the amendment of Articles of
Association so that the name of the company will be changed from HK
Ruokatalo Oyj to HK Ruokatalo Group Oyj.

Responsibility for domestic industrial operations, sales, marketing,
logistics and transport is to be transferred from HK Ruokatalo Oyj to
a new subsidiary with effect from 1 April 2005. The new company will
be known as HK Ruokatalo Oy.

Implementation of the business transfer is subject to the pending
mergers, whereby Broilertalo Oy, Food Kuljetus Oy, Koiviston
Teurastamo Oy and Pouttu Foods Oy merge with and into HK Ruokatalo
Oyj, being entered in the trade register by 31 March 2005.

The new corporate structure will strengthen the Group’s business
strategy whereby the value chain behaves in a process-like manner. At
the same time the new structure standardises operational practices and
corporate culture, and cut operating costs. Restructuring has no
impact on the position of the parent company, HK Ruokatalo Group Oyj,
which is listed on the Main List of the Helsinki Exchanges, or on its
shareholders. Subsequent to the business transfer, the parent company
will retain responsibility for Group management, finance and
administration.

The extraordinary general meeting also approved amending of Article 2
of Articles of Association so that the objects of the company are
revised in response to the company’s changing circumstances by the
addition of i.a. the possession of real estate and shares, letting and
trading and other investment activities, and amending of Article 7 so
that the venues of general meetings of shareholders are Turku, Espoo,
Eura, Forssa, Helsinki, Pori, Tampere or Vantaa.


HK Ruokatalo Oyj



Simo Palokangas
CEO


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

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