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HKSCAN OBTAINS REQUIRED COMPETITION AUTHORITY APPROVALS FOR ACQUISITION OF ROSE POULTRY A/S

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HKScan Corporation     STOCK EXCHANGE RELEASE       11 November 2010 at 12.35

HKSCAN OBTAINS REQUIRED COMPETITION AUTHORITY APPROVALS FOR ACQUISITION OF ROSE
POULTRY A/S 

HKScan Corporation (“HKScan”) announced on 9 September 2010 that it had signed
an agreement to acquire the leading Danish poultry company, Rose Poultry A/S
(“Rose Poultry”). The final approval by the competition authorities required to
close the deal was obtained today. 

The next phase in the acquisition is closing the transaction and specifying the
total purchase price, announced in the stock exchange release of 9 September
2010, as well as the number of HKScan Series A shares to be issued in
consideration for the acquisition. Closing is expected to take place by the end
of November, beginning of December. Separate releases will be issued to
announce closing, the final total purchase price and the number of HKScan
Series A shares to be issued in consideration for the acquisition. 

The largest poultry company in Denmark, Rose Poultry produces annually more
than 130 million kilos of poultry meat, which is sold under the company's own
Rose brand as well as under private labels as fresh, frozen or processed
products in the company's main markets in Denmark, Sweden and the UK. Rose
Poultry has three production facilities in Denmark and the company employs
approximately 1 000 people. Rose Poultry's net sales in the financial year
2008/2009 were approximately EUR 211 million. 

The acquisition will make HKScan the leading player in the poultry market in
northern Europe. 


HKScan Corporation

Matti Perkonoja
CEO


Further information:
CEO Matti Perkonoja, HKScan Corporation. Please leave any messages for him to
call with Marjukka Hujanen on +358 (0)10 570 6218. 


HKScan is one of the leading food companies in northern Europe with home
markets in Finland, Sweden, the Baltics and Poland. HKScan manufactures, sells
and markets pork and beef, poultry products, processed meats and convenience
foods under several well-known local brand names. Its customers are retail, the
HoReCa sector, industry and export customers. HKScan is active in nine
countries and has some 10,000 employees. It had net sales of 2.1 billion euro
in 2009. 


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