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INCREASE IN HK RUOKATALO'S SHARE CAPITAL

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HK Ruokatalo Oyj       ANNOUNCEMENT 7 December 2004, at 1pm


INCREASE IN HK RUOKATALO'S SHARE CAPITAL

A total of 8,615,798 new series A shares was subscribed in HK
Ruokatalo's share offering between 4 and 25 November 2004. The
corresponding increase of EUR 14,646,856.60 in subscribed capital has
today been entered in the Finnish Trade Register. As a result of the
increase HK Ruokatalo's share capital rose from EUR 43,940,571.50 to
EUR 58,587,428.10.

Share capital by share class before the increase

          No of shares     %      No of votes     %
Series A    20,447,395   79.11     20,447,395   15.92
Series K     5,400,000   20.89    108,000,000   84.08
Total       25,847,395  100.00    128,447,395  100.00

Share capital by share class subsequent to the increase

          No of shares     %      No of votes     %
Series A    29,063,193   84.33     29,063,193   21.20
Series K     5,400,000   15.67    108,000,000   78.80
Total       34,463,193  100.00    137,063,193  100.00

Each series A share conveys 1 vote. Series K shares are not listed and
each K share conveys 20 votes. All shares have a nominal value of EUR
1.70, and have equal dividend rights.

The new series A shares are entitled to receive full dividend payable
commencing with the 2004 financial year. Other shareholder rights came
into effect as soon as the increase in share capital was entered in
the Trade Register.

The new series A shares have been traded on the Main List of the
Helsinki Exchanges from 26 November 2004 as a separate category. The
new shares will be combined with the old series A shares on 8 December
2004.


HK Ruokatalo Oyj



Simo Palokangas
CEO


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

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