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RAISIO GROUP FOURTH QUARTER RESULT LOWER

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Raisio Group plc    Stock Exchange Release
                    22 January 2004 at 13.30 Finnish time



RAISIO GROUP FOURTH QUARTER RESULT LOWER THAN IN THE COMPARISON
PERIOD

Raisio Group has decided to write down approximately EUR 5 million of
some real estates which are currently not used for production. On top
of this Raisio Group will book in Q4/2003 other non-recurring items
worth some EUR 7 million related to the rationalisation programmes of
Raisio Chemicals and Raisio Nutrition and due to the decision of
closing down the grain starch operations. These actions will have a
positive effect on 2004 results.

The underlying Raisio Group result before taxes is expected to break-
even in the final quarter of 2003. The operational result of Raisio
Chemicals improved and the Feed business of Raisio Nutrition as well
as the Ingredient business of Raisio Life Sciences reached the level
of the fourth quarter in 2002. The results of other businesses
weakened. The underlying result before taxes in Q4/2002 was EUR 1.9
million in the black.

The process of reducing working capital has progressed according to
plan also in the fourth quarter and the cash flow improved
significantly compared to Q4/2002. The equity ratio of Raisio Group
is expected to be approximately 32 per cent in 31 December 2003.

Raisio Group will publish the financial information for 2003 in 10
February 2004 at around noon.


RAISIO GROUP PLC


Taru Narvanmaa
Executive Vice President, Communications and Investor Relations
tel. +358 2 443 2240, +358 50 590 9398

Further information:
CFO Antti Salminen
tel. +358 2 443 2460, +358 40 535 1216

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