HKScan Corporation STOCK EXCHANGE RELEASE 22 April 2008, at 3.15pm RESOLUTIONS PASSED BY THE ANNUAL GENERAL MEETING OF HKSCAN The Annual General Meeting of HKSCan Corporation has on this date adopted the parent company's and consolidated financial statements and discharged the members of the Board of Directors and the CEO from liability for the year 2007. The Annual General Meeting resolved on the payment of EUR 0.27 per share in dividend for 2007 in accordance with the proposal of the Board of Directors. The dividend will be paid to those shareholders who at the record date of 25 April 2008 are registered in HKScan's share register maintained by the Finnish Central Securities Depository APK. The date of payment is 6 May 2008. ELECTION OF THE BOARD OF DIRECTORS The Annual General Meeting confirmed the number of members on the Board of Directors as five. Markku Aalto, Tiina Varho-Lankinen and Johan Mattsson were re-elected to a new term. Matti Murto and Matti Karppinen were elected to the Board as new members. At the organisation meeting held immediately following the AGM, the Board elected Markku Aalto as its new Chairman and Tiina Varho-Lankinen as new Deputy Chairman. Chairman Markku Aalto (b. 1950) has served on the company's Board since 1994 and been its Deputy Chairman for the past five years. He has also chaired the Board of LSO Osuuskunta for over seven years. Mr Aalto is a meat producer by occupation. Deputy Chairman Tiina Varho-Lankinen (b. 1962) has served on the Board of HKScan since 2003. MSc (Econ. & Bus. Admin.) by training and meat producer by occupation, Ms Varho-Lankinen was recently elected Chairman of the Board of LSO Osuuskunta. Johan Mattsson (b. 1960) is a farm entrepreneur and meat producer in Tomelilla in southern Sweden. He was elected to the Board of HKScan a year ago. Mr Mattsson, who has a BSc in economics and business administration, also sits on the Board of Swedish Meats. Newly elected Board member Matti Murto (b. 1964) holds a Master's degree in agriculture. Mr Murto is a meat producer and Deputy Chairman of the Board of LSO Osuuskunta. Second new member Mr Matti Karppinen (b. 1958) is the CEO of Lännen Tehtaat plc and holds a Master's degree in economics and business administration. The Annual General Meeting resolved on the following annual remuneration to Board members: EUR 40,000 to the Chairman, EUR 25,000 to the Deputy Chairman and EUR 20,000 each to members of the Board. Board members are also paid a fee of EUR 500 for each meeting. ELECTION OF AUDITORS PricewaterhouseCoopers Ltd, an audit firm chartered by the Central Chamber of Commerce, with CPA Johan Kronberg as responsible auditor, and CPA Petri Palmroth were elected as the Company's auditors until the close of the next Annual General Meeting of Shareholders. CPA Mika Kaarisalo and CPA Pasi Pietarinen were elected as deputy auditors. Auditors' remuneration shall be payable according to invoice. AUTHORIZATION TO PURCHASE THE COMPANY'S OWN SERIES A SHARES The Annual General Meeting of Shareholders authorized the Board of Directors to resolve on purchasing the Company's own Series A shares, as follows: The aggregate number of Series A shares to be purchased shall not exceed 3,500,000, which corresponds to approximately 8.9% of all the shares in the Company and approximately 10.3% of all the Series A shares in the Company. The Company's own shares may be purchased on the basis of the authorization only by using non-restricted equity. The Company's own shares may be purchased for a price quoted in public trading on the purchase day or for a price otherwise determined by the market. The Board of Directors shall resolve upon the method of purchase. Among other means, derivatives may be utilized in purchasing the shares. The shares may be purchased in a proportion other than that of the shares held by the shareholders (directed purchase). The authorization is effective until 30 June 2009. The authorization revoked that granted on 20 April 2007 by the Annual General Meeting of Shareholders to the Board of Directors to acquire the company's own A Shares. AUTHORIZATION TO RESOLVE ON AN ISSUE OF SHARES, OPTIONS AS WELL AS OTHER INSTRUMENTS ENTITLING TO SHARES The Annual General Meeting of Shareholders authorized the Board of Directors to resolve on an issue of shares, options, as well as other instruments entitling to shares as referred to in Chapter 10 Section 1 of the Companies Act, as follows: The authorization applies to issuing of Series A shares. The authorization shall be limited to a maximum of 5,500,000 shares. The maximum amount of the shares covered by the authorization corresponds to approximately 14.0% of all the registered shares of the Company. The Board of Directors was authorized to resolve upon all the terms and conditions of the issue of shares and other instruments entitling to shares. The authorization to issue shares shall cover the issuing of new shares as well as the transfer of the Company's own shares. The issue of shares and other instruments entitling to shares may be implemented as a directed issue. The authorization shall be effective until 30 June 2009. The authorization revoked that granted on 20 April 2007 by the Annual General Meeting of Shareholders to the Board of Directors to resolve on an issue of shares, options as well as other instruments entitling to shares. HKSCAN CORPORATION Kai Seikku CEO DISTRIBUTION: OMX Nordic Exchanges Main media www.hkscan.com