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RAISIO GROUP PLC'S INVITATION TO ANNUAL

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Raisio Group plc         Stock Exchange Announcement
                         3 March 2003 at 08.00 Finnish time 1 (2)


RAISIO GROUP PLC’S INVITATION TO ANNUAL GENERAL MEETING

Raisio Group shareholders are invited to attend the Annual General
Meeting to be held at Martinsali, Eeronkuja 2, 21200 Raisio on 21
March 2003 at 2 p.m. Finnish time. Listing of the registered
shareholders will start at 1 p.m.

The following matters will be on the agenda of the Meeting.

1. Matters pertaining to the Annual General Meeting specified in
Article 13 of the Company’s Articles of Association

2. The proposal of the Board of Directors that the Annual General
Meeting would authorize the Board to decide on (for a period of
one year from the decision of the meeting)an increase in share
capital in one or more new issues, and/or an issue of convertible
bonds, and/or an issue of option rights. As well as to decide on
the principles by which the subscription price is decided and also
all other subscription terms of shares and/or options as well as
terms of the bond, conversion and/or subscription in so far as
these are not specified in the authorization decision

A total maximum of 20,000,000 new restricted and/or free shares
may be subscribed in one or more new issues or through the
convertible bonds or option rights. Yet the subscription of
restricted shares can not exceed 5,000,000 shares. Under the
authorization, share capital may be raised by a maximum of EUR
3,363,758.53.

The Board of Directors proposes that it could be granted the right
to decide who is entitled to subscribe shares and/or convertible
bonds and/or option rights. The shareholders’ pre-emptive
subscription right for shares and/or convertible bonds and/or
option rights can only be deviated from when there is, from the
company’s point of view, an important financial reason and the
authorization is used to arrange for financing for a corporate
acquisition or purchase of business operations or to set up
cooperation arrangements between companies or to strengthen the
company’s capital structure. However, the decision can not be made
to benefit a person belonging to the inner circle of the company
(defined in Chapter 1, Section 4 of the Finnish Companies Act)

The Board of Directors further proposes that it could be granted
the right to decide on the subscription of shares and/or
convertible bonds and/or option rights against capital
contributions or otherwise according to specific terms or by using
its right of set-off.

The justification for the authorization and for departing from the
shareholders’ pre-emptive right is thus that there is an
opportunity of using targeted share issues, convertible bonds and
option rights as a flexible means of payment in connection with
corporate acquisitions and purchases of business operations and in
setting up cooperation arrangements between companies, together
with the opportunity to obtain new venture capital also from
outside sources.

The Board of Directors further proposes that the authorization
that was granted by the AGM on 5 April 2002, which was entered in
the Trade Register on 29 April 2002, for an increase in share
capital and/or for an issue of convertible bonds and/or an issue
of option rights ceases to be valid 21 March 2003.

3. On request of shareholder Mr Harri Mäkitalo the following
matters:

- Immediate dismissal of all members of the Raisio Group
  Supervisory Board
- Decreasing the number of the Supervisory Board members to
  21, and
- New election of the Supervisory Board Members

Raisio Group’s financial statements together with the Board
proposal and its enclosures, referred to in paragraph 2 in the
agenda, are available for inspection by shareholders at the Raisio
headquarters, Raisionkaari 55.

Shareholders registered on 11 March 2003 in the Company’s
shareholders’ register kept by The Finnish Central Securities
Depository are eligible to attend the Annual General Meeting. If
the shareholder has not entered the shares into the book-entry
securities system, he has the right to attend the AGM, if he was
registered in the Company’s share register before 26 November
1994. In this case the shareholder needs to show his shares or
another document, confirming that his shares have not been entered
into the book-entry securities system.

Shareholders who want to participate in the Annual General Meeting
must register by 10 a.m. on Monday 17 March 2003 at the latest,
either by letter addressed to Raisio Group plc, Shareholders
Contact, P.O. Box 101, FIN-21201 Raisio, Finland or by fax to
phone number + 358 (0)2 4433150 or phone +358 (0)2 443 2293, or by
email to eeva.hellsten@raisiogroup.com. Any powers of attorney
should be sent in by the same date and time.

Raisio, 25 February 2003

Board of Directors


DIVIDEND PAYMENT

The Board of Directors has decided to propose to the AGM payment
of a dividend of EUR 0.02 per restricted/free share for 2002. This
dividend will be paid on 2 April 2003 to all Raisio Group
shareholders entered in the shareholders’ register kept by The
Finnish Central Securities Depository on the matching date, 26
March 2003.

Further information:

Raisio Group plc
Taru Narvanmaa, Executive Vice President, Communications and IR
tel. +358 2 443 2240 or +358 50 590 9398

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