Honkarakenne Oyj - Major shareholder announcements

NOTIFICATION OF A CHANGE IN SHAREHOLDING UNDER CHAPTER 2 SECTION 10 OF THE FINNISH SECURITIES MARKET ACT

HONKARAKENNE OYJ Stock Exchange Release 11 January 2010 at 15:00 hours          
NOTIFICATION OF A CHANGE IN SHAREHOLDING UNDER CHAPTER 2 SECTION 10 OF THE      
FINNISH SECURITIES MARKET ACT                                                   

Honkarakenne Oyj has received information to the effect that the holding of     
Varma Mutual Pension Insurance Company (Business ID: 0533297-9) in Honkarakenne 
Oyj may exceed 5% of the company's share capital if Varma fulfils its           
subscription commitment, made on 11 January 2010, in Honkarakenne's planned     
share issue. Honkarakenne's Board of Directors will decide on carrying out the  
share issue, its size and terms and conditions on or about 26 January 2010. A   
maximum of 1,200,000 Series B shares would be issued.                           

If shares are issued in the maximum amount planned and Varma's subscription     
commitment is carried out in full, Varma would own 350,000 Series B Honkarakenne
shares after the arrangement. These shares would represent 7.07% of the shares  
and 3.29% of the voting rights after the share issue.                           


HONKARAKENNE OYJ                                                                

Esa Rautalinko                                                                  
President and CEO                                 

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


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Financial Supervisory Authority                                                 
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