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HK RUOKATALO?S SHARE OFFERING FULLY SUBSCRIBED

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HK Ruokatalo Oyj     STOCK EXCHANGE BULLETIN 26 Nov. 2004, at 10:30am


HK RUOKATALO’S SHARE OFFERING FULLY SUBSCRIBED

The subscription period for HK Ruokatalo’s share issue expired on 25
November 2004. Preliminary results indicate that around 8.6 million
new Series A Shares, more than 99 per cent of the number of shares
offered, were subscribed by virtue of the Primary Pre-emptive
Subscription Right (Primary Right). The number of subscriptions made
by virtue of the Secondary Pre-emptive Subscription Right (Secondary
Right) far exceeded the number of shares offered.

The shares subscribed under the Primary Right will be included for
trading on the Helsinki Exchanges as a separate book-entry class ("HK
Ruokatalo A New") on 26 November 2004. The new shares will be combined
with HK Ruokatalo’s existing Series A Shares once the increase in
share capital has been entered in the Trade Register. This is expected
to take place on or about 7 December 2004.

Shares subscribed under the Secondary Right will be allotted to
subscribers on a pro rata basis to their shareholding at the record
date, 1 November 2004, such that each shareholder receives at most the
number of shares indicated in his/her subscription commitment. Share
allotment is expected to be complete on 1 December 2004. Refunds of
any excess sums paid in respect of share commitments under the
Secondary Right will be made on or about 7 December 2004.

HK Ruokatalo’s share capital is to be increased by EUR 14,646,856.60
as a result of the share offering. Once the new shares have been
registered, the company’s share capital will be EUR 58,587,428.10
distributed among a total of 34,463,193 shares: 29,063,193 Series A
Shares and 5,400,000 Series K Shares. The shares subscribed in the
offering will be entitled to any future dividends commencing with any
dividend payable for the financial year beginning 1 January 2004 and
to other rights once the increase in share capital has been
registered.


HK Ruokatalo Oyj


Simo Palokangas
CEO



THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR
DISTRIBUTION IN OR INTO THE UNITED STATES. THIS DOCUMENT DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR TO
OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS, NOR MAY THE SECURITIES
BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM REGISTRATION AS PROVIDED IN THE U.S. SECURITIES ACT OF
1933, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER AND
APPLICABLE STATE LAWS. THERE IS NO INTENTION TO REGISTER ANY PORTION
OF THE OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING
OF SECURITIES IN THE UNITED STATES.

THE INFORMATION CONTAINED HEREIN SHALL NOT CONSTITUTE AN OFFER TO SELL
OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF
THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION IN WHICH SUCH
OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION,
EXEMPTION OF REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS
OF ANY SUCH JURISDICTION.



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

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