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Raisio plc: Russian border open for fish feeds

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Raisio plc, Stock Exchange Release, 7.12.2018

RUSSIAN BORDER OPEN FOR FISH FEEDS

Russian authorities have announced that the import ban of fish feeds ended and the border reopened on 6th December 2018. The Russian border has been closed since 4 August 2018. As a result, Raisioaqua has not been able to deliver fish feeds for its Russian customers. Northwest Russia is the largest market for Raisioaqua’s fish feeds.

Russian authorities announced that the border would be closed after the analyses carried out in the border checks in the summer showed genetically modified soybean in Raisioaqua’s fish feeds. Genetically modified material was found in concentrations that exceed the labelling limit established in the EU labelling legislation and the limit established in the Russian legislation.

Raisio Group is committed to the use of non-genetically modified raw materials. The soy product Raisioaqua uses in its fish feeds was supplied by a Finnish supplier who had responsibility to ensure that the product complies with the contract. Raisio and the supplier will continue to negotiate on the compensation for damages caused to Raisioaqua business.

Raisioaqua has been in close contact with its customers during the export ban and will immediately resume negotiations to finalise the supply contracts for the 2019 season. The fish feed season lasts from early spring to late autumn.


RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
tel. +358 50 567 3060

Further information:

Pekka Kuusniemi, President and CEO, tel. +358 50 537 3883


Raisio plc

Raisio is an international company specialised in healthy, responsibly produced food. Our well-known brands include, for example, Benecol, Elovena, Nalle and Sunnuntai. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group’s net sales for continuing operations totalled EUR 235 million and comparable EBIT was EUR 36 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.

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Nasdaq
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www.raisio.com

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