PROGRESS MADE WITH HK RUOKATALO?S CORPORATE RESTRUCTURING IN FINLAND

HK Ruokatalo Oyj     STOCK EXCHANGE BULLETIN 2 February 2005, at 10am

PROGRESS MADE WITH HK RUOKATALO’S CORPORATE RESTRUCTURING IN FINLAND

Meeting today, HK Ruokatalo’s Board of Directors has decided to
establish a subsidiary to assume responsibility for domestic
industrial operations, sales, marketing and logistics and transport.
This move was made to complete the corporate restructuring commenced
at HK Ruokatalo in autumn 2004. Transfer will take place on 31 March
2005 as a business transfer. The new subsidiary will engage in the
transferred business 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 increasingly behaves in a process-
like manner. At the same time the new structure will standardise
operational practices and corporate culture, and cut operating costs.
Restructuring has no impact on the position of the parent company,
which is listed on the Main List of the Helsinki Exchanges, or on its
shareholders or on HK Ruokatalo Group’s financial reporting or on the
comparability of financial figures. Subsequent to the business
transfer, the parent company will retain responsibility for Group
management, finance and administration.

The establishment of a subsidiary and transfer of business thereto
call for amendments to HK Ruokatalo Oyj’s Articles of Association. To
this end, the Board of Directors has decided to convene an
extraordinary meeting of shareholders on 23 February 2005. The most
important item on the agenda will be the Board of Directors’ proposal
to change the name of the company from HK Ruokatalo Oyj to HK
Ruokatalo Group Oyj.


NOTICE OF HK RUOKATALO’S EXTRAORDINARY GENERAL MEETING

HK Ruokatalo Oyj’s shareholders are hereby invited to attend an
extraordinary general meeting to be held at the company’s meeting room
at Kaivokatu 18, Turku, starting at 1pm Finnish time on Wednesday 23
February 2005. Examination of proxy forms will begin at 12 noon.
The extraordinary general meeting will consider the Board of
Directors’ proposal to amend Articles 1, 2 and 7 of the company’s
Articles of Association.

The Board of Directors proposes amending Article 1 so that the name of
the company is HK Ruokatalo Group Oyj, Article 2 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 to
amend Article 7 to change the provisions concerning the venues of
general meetings of shareholders.

Information

The Board of Directors’ proposal will be available for inspection from
Wednesday 16 February 2005 at HK Ruokatalo’s head office at Kaivokatu
18, FI-20520 Turku. Copy of the above document will be sent to
shareholders on request.

Eligibility to attend the general meeting

Eligibility to attend the extraordinary general meeting is vested in
shareholders who are registered as such by 11 February 2005 in the
share register maintained by the Finnish Central Securities Depository
(APK). Shareholders who have not transferred their shares to the book-
entry securities system are also eligible to attend the extraordinary
general meeting provided that they were registered in the company’s
share register before 1 November 1997. Such shareholders should also
produce evidence or some other proof at the meeting to show that title
to the shares has not been transferred to the book-entries system.

Notification to attend the meeting

Shareholders wishing to attend the extraordinary general meeting
should notify the company of their intention to do so by 4pm Finnish
time on 17 February 2005, either in writing to HK Ruokatalo Oyj,
Shareholders’ Meeting, PO Box 50, FI-20521 Turku, Finland, by
telefacsimile to +358 2 250 1424, by email to eva-stina.engberg @hk-
ruokatalo.fi or by telephoning +358 2 267 6111 / Ms Engberg. Written
notification must be received before the deadline given. Any proxy
forms should be forwarded to the above address in conjunction with
notification to attend the meeting.

Turku, 2 February 2005

HK Ruokatalo Oyj
Board of Directors



Simo Palokangas
CEO


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