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HK RUOKATALO?S NEW SHARES ON THE MAIN LI

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HK Ruokatalo Oyj  STOCK EXCHANGE ANNOUNCEMENT, 14 Apr 2003 at 9.40am


HK RUOKATALO’S NEW SHARES ON THE MAIN LIST

The 2,122,320 new A Shares issued in connection with the conversion of
tranches of HK Ruokatalo’s 1996 convertible capital note into shares
between 2 and 29 January 2003, will be traded on the Main List of the
Helsinki Exchanges from 15 April 2003 together with existing A Shares.
The corresponding increase of EUR 3,607,944.00 in subscribed capital
was entered in the Finnish Trade register on 25 February 2003.

Share capital by share class

           No of shares        %      No of votes        %
A Shares     19,849,465    78.61       19,849,465    15.53
K Shares      5,400,000    21.39      108,000,000    84.47
Total        25,249,465   100.00      127,849,465   100.00

Each A-Share conveys 1 vote. K-Shares are not listed and each K Share
conveys 20 votes. All shares have a nominal value of EUR 1.70. The
shares joined the book-entry securities system on 31 October 1997.

The 2,122,320 new A Shares issued in connection with the increase in
share capital convey the same shareholder rights as existing A Shares
do. The new shares will be entitled to receive any future dividend
payable commencing with the 2003 financial year. Other shareholder
rights came into effect as soon as the increase in share capital was
entered into the Trade register on 25 February 2003.

The Finnish Financial Supervision Authority has, on 23 September 2002,
granted HK Ruokatalo permission (No. 124/271/2002) to not publish an
offering circular in connection with the increases in share capital,
which derive from converting tranches of the 1996 convertible capital
note into shares.

HK Ruokatalo issued a FIM 62.5 million (EUR 10.5 million) convertible
capital note to professional investors 30 December 1996. The loan was
a subordinated capital note and had a term of ten years. The note was
originally due to mature at the end of 2006 but on 2 January 2003 HK
Ruokatalo decided to accelerate the schedule and offered to repay the
note prematurely. Each of the 62,500 notes issued in the loan
originally had a nominal value of FIM 1,000 (EUR 168.18793). All of
the notes have been converted into shares.

HK Ruokatalo Oyj



Simo Palokangas
Chief executive officer


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

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