NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.


HKFoods Plc issues EUR 90 million notes

HKFoods Plc (the "Company") issues senior secured notes of EUR 90 million (the "Notes"). The four-year Notes mature on 18 September 2030 and carry a floating interest at the rate of EURIBOR 3 months plus a margin of 3.6 per cent. The Notes had an issue price of 100 per cent.

The Notes are secured by a common transaction security comprising, among other things, (i) shares in HKFoods Finland Oy (the "Finnish Subsidiary"), (ii) intra-group receivables owed to the Company by the Finnish Subsidiary, (iii) certain loan receivables of the Company from LSO Osuuskunta, (iv) real estate mortgages over the Finnish real properties held by the Company and the Finnish Subsidiary, (v) certain trademarks of the Finnish Subsidiary, and (vi) business mortgages over the movable assets of the Company and the Finnish Subsidiary.

The Company will submit an application for the admission to trading of the Notes on the regulated market operated by Nasdaq Helsinki Ltd. The Company will use the proceeds from the issue of the Notes for refinancing the Company's outstanding notes due 17 June 2027 (ISIN: FI4000571708).

Danske Bank A/S, Nordea Bank Abp and OP Corporate Bank plc act as joint lead managers (together the "Joint Lead Managers") for the issue of the Notes.

Distribution:

Nasdaq Helsinki

Key media

www.hkfoods.com

Further enquiries:

Juha Ruohola, CEO, HKFoods Plc, tel. +358 400 647 160
Mika Tilli, CFO, HKFoods Plc, tel. +358 50 538 5793
Mikael Tornberg, Group Treasurer, HKFoods Plc, tel. +358 45 6363 252

HKFoods Media Service Desk, tel. +358 10 570 5700 or communications@hkfoods.com

With 110 years of experience, we at HKFoods make life tastier – today and tomorrow. With nearly 3,000 professionals, we make locally produced food for consumers’ various food moments. Our well-known brands in Finland are HK®, Kariniemen® and Via®. HKFoods is a publicly listed company, and in 2025, our net sales totalled EUR 1 billion. www.hkfoods.com

Disclaimer

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Singapore, Japan, New Zealand, South Africa or the United States or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. The Joint Lead Managers are acting exclusively for the Company and no one else in connection with the issue of the Notes and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients nor for providing any advice in relation to the issue of the Notes.

This communication does not constitute an offer of securities for sale in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered, sold, pledged or otherwise transferred directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This communication does not constitute an offer of the Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Notes. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom that are qualified investors within the meaning of the Public Offers and Admissions to Trading Regulations 2024 that are also (a) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (b) high net worth entities, and (iii) other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.