HK RUOKATALO AND DANISH CROWN?S JOINT VE

HK Ruokatalo Oyj  STOCK EXCHANGE BULLETIN 17 SEPTEMBER 2004 AT 17.50PM


HK RUOKATALO AND DANISH CROWN’S JOINT VENTURE TO MAKE A PUBLIC OFFER
FOR SOKOLÓW SHARES


HK Ruokatalo and Danish Crown’s joint venture, Saturn Nordic Holding
AB, has submitted a public offer to the Polish securities market to
buy the remaining shares in Poland’s leading meat company, Sokolów
S.A.
The price offered per share is PLN 6.00 (appr. €1.38). The
subscription period will commence on 24 September 2004 and expire on
25 October 2004.

Under Polish stock exchange legislation, an owner becoming a majority
shareholder is required to make a public offer to the other
shareholders to acquire their shares. Saturn Nordic Holding currently
owns 52.64 per cent of the Sokolów shares listed on the Warsaw Stock
Exchange. The offer applies to all shares not currently owned by
Saturn Nordic Holding. Sokolow has issued a total 100,194,134 shares,
with each share conveying one vote.

The public offer is a further step in the strategic cooperation
between HK Ruokatalo and Danish Crown to consolidate ownership and
control of Poland’s leading meat company.

HK Ruokatalo is executing in Sokolów its short and long term strategy
regarding meat processing in the Eastern and Central Europe. HK
Ruokatalo trusts joint ownership will foster Sokolów’s further good
progress by enhancing its business profile, growth and expansion on
the local and international markets maintaining the status of an
independent entity.



HK Ruokatalo Oyj



Simo Palokangas
CEO

DISTRIBUTION:
Helsinki Exchanges
Main media
www.hk-ruokatalo.fi


About Us

HKScan is a Nordic meat and meals company. We employ over 7 300 professionals in striving to serve the world ìs most demanding consumers, maintaining quality throughout the full chain of operations, From Farm to Fork. HKScan produces, markets and sells high-quality, sustainably produced pork, beef, poultry and lamb products, as well as charcuterie and meals, with strong consumer brands, including HK®, Scan®, Rakvere®, Kariniemen®, Rose®, Pärsons® and Tallegg®. Our customers are the retail, food service,industrial and export sectors, and our home market comprises of Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. In 2017, HKScan had net sales of EUR 1.8 billion, making us one of Europe’s leading meat and meals companies.www.hkscan.com

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