HKScan’s fire insurance case settled and closed in Denmark

HKScan Corporation                                     Stock exchange release          22.11.2013     at 3 p.m.

HKScan’s fire insurance case settled and closed in Denmark

Negotiations have been completed with the insurance company regarding compensation of damage due to the fire at the Vinderup plant in Denmark in June 2012. The insurance covered damage to property, loss of profit and additional costs caused by business interruption.

The property insurance compensation part of the total compensation amounts to EUR 7.2 million in 2013. It will be reported as non-recurring income in the fourth quarter of 2013. Total capital expenditure related to the fire amounts to EUR 26.5 million.

HKScan Corporation

Hannu Kottonen
CEO

Further information is available from HKScan Corporation's CEO, Hannu Kottonen and CFO, Tuomo Valkonen. Please leave any messages for them to call with Communications Manager Elina Hollo, tel. +358 40 570 4030 or +358 10 570 2133.

HKScan is one of the leading food companies in northern Europe, with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are the retail, food service, industrial and export sectors. In 2012, it had net sales of EUR 2.5 billion and some 11 000 employees.

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