Honkarakenne Oyj - Company Announcement

HONKARAKENNE DIRECTED ISSUE AND SALE OF THE COMPANY'S OWN SHARES

HONKARAKENNE OYJ Stock Exchange Release 27 January 2010 at 10:00 hours 
HONKARAKENNE DIRECTED ISSUE AND SALE OF THE COMPANY'S OWN SHARES 
On 26 January 2010, the Board of Directors of Honkarakenne decided on a share   
issue in the form of a private placement of a maximum of 1,200,000 new B shares.
The share issue was over-subscribed. The board allocated the 1,200,000 B shares 
to the subscribers at the subscription price of 2.90 euros per share. The total 
subscription price of the new shares amounts to 3,480,000 euros, resulting in an
increase of 2,400,000 euros in the share capital, with the remainder entered in 
the invested non-restricted equity fund.  
When the new shares are entered in the Trade Register, the company will have    
share capital of 9,897,936 euros and a total aggregate of 4,948,968 shares, of  
which 4,648,872 are B shares and 300,096 A shares. Following the issue, the     
overall number of votes carried by all the shares in total will be 10,650,792.
It is expected that the newly subscribed shares will be registered as book-entry
securities on 4 February 2010 in the book-entry securities system operated by   
Euroclear Finland Oy. Trading in the shares (HONBS, ISIN code: FI0009900104) is 
anticipated to begin on 15 February 2010; the shares will be of the same type as
the old B shares.  
In line with the previously published subscription commitments, 63,660 shares   
were allocated to Saarelainen Oy and 222,812 shares to Varma Mutual Pension     
Insurance Company.  
The new shares will carry shareholder rights once they have been registered in  
the Trade Register. 
Honkarakenne's objective in the share issue is to underpin its capital structure
and enhance its operational and strategic flexibility.
On 26 January 2010, the Board of Directors of Honkarakenne made the decision to 
sell 88,500 of the B shares owned by the company to a restricted circle of the  
company's key personnel at the price of 2.90 euros per share. It is anticipated 
that the share deal will go through the stock exchange on  1 February 2010.     
After the sale, the company will hold 125,385 of its own B shares.
The purchasers of the shares included Chairman of the Board Lasse Kurkilahti,   
who bought 30,000 shares, board member Mauri Niemi's controlling interest       
company Privatum Oy with the purchase of 20,000 shares and the company's Chief  
Executive Officer Esa Rautalinko, who bought 30,000 shares. 
HONKARAKENNE OYJ  
Board of Directors                                                              

Additional information:                                                         
President and CEO Esa Rautalinko, tel. +358 (0)400 740 997                      
esa.rautalinko@honka.com.                                                       


DISTRIBUTION                                                                    
OMX Helsinki                                                                    
Key media                                                                       
Financial Supervisory Authority                                                 
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