LÄNNEN TEHTAAT PLC RELEASE August 30, 2007 at 11;30 a.m. LÄNNEN TEHTAAT TO STRENGTHEN ITS POSITION ON NORWEGIAN AND SWEDISH FISH MARKETS BY INCREASING HOLDING IN SANDANGER AS Maritim Food AS, a Norwegian subsidiary of Lännen Tehtaat plc, has decided to avail itself of an option to purchase shares in the fish-processing company Sandanger AS. Maritim Food AS will purchase 3.5% of Sandanger AS's shares in accordance with the option agreement. The forthcoming transaction will make Maritim Food the majority shareholder in Sandanger AS, with its holding rising to 51%. Sandanger AS will be incorporated into the Lännen Tehtaat Group on August 31, 2007. Sandanger AS's net sales in 2006 totalled about EUR 11 million and the operating profit was about EUR 0.5 million. The average number of people working at the company was approximately 60. Sandanger AS, which focuses on canned fish products, processed fish products and ready meals, has a modern production plant at Gjerdsvika in western Norway. The company manufactures products both under its own Sunnmöre brand and under retailers' own brands. The company's customers include retail group and the hotel/restaurant/catering sector. Sandanger's product range will suitably complement Maritim Food's selection on the Norwegian and Swedish markets. The Fish Business is one of Lännen Tehtaat's strategic focus areas. The Group has increased the Fish Business's operations through corporate acquisitions in Finland, Norway and Sweden, the aim being the achievement of a strong position in the northern Baltic region. LÄNNEN TEHTAAT PLC Matti Karppinen CEO More details: Matti Karppinen, CEO, Lännen Tehtaat plc, tel. +358 10 402 00 Distribution: Helsinki Stock Exchange Main media www.lannen.fi
LÄNNEN TEHTAAT TO STRENGTHEN ITS POSITION ON NORWEGIAN AND SWEDISH FISH MARKETS BY INCREASING HOLDING IN SANDANGER AS
| Source: Apetit Oyj