Huhtamäki Oyj - Company Announcement

Huhtamaki to sell the majority of its European rigid plastic consumer goods operations

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 23.9.2010 AT 09:00

Huhtamaki has agreed to sell the majority of its European rigid plastic consumer
goods operations to Island Lux S.à r.l. & Partners S.C.A., an affiliate of Sun
European Partners, LLP, the European adviser to Sun Capital Partners, Inc., a
U.S. based private investment firm.

The annual net sales of the divested operations is approximately EUR 160 million
and it currently employs some 1,100 people. The divested business consists of
assets currently reported under discontinued operations. The agreed value for
the transaction is EUR 52 million. Closing of the transaction is subject to
approval by competition authorities."We are very pleased to progress in the strategic review of our remaining rigid
plastic consumer goods operations in Europe. Especially being able to divest
such a large part to a single buyer is a positive outcome", says Huhtamäki Oyj's
CEO Jukka Moisio. "We feel that Sun Capital, with extensive packaging experience
and presence in several European markets through certain of its affiliates, is a
good future owner for the business."

The divested operations include rigid plastic consumer goods packaging
manufacturing in Hämeenlinna, Finland; Auneau, France; Siemianowice, Poland; and
Istanbul, Turkey, as well as sales units in Germany and Lithuania. The divested
units serve multinational and local customers with primarily dairy, edible fats,
ready meal and ice cream packaging."The strategic review of the rigid plastics business in Italy currently reported
under other activities will continue", Jukka Moisio recaps.

Bank of America Merrill Lynch acted as Huhtamaki's financial advisor on the
transaction.

For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Timo Salonen, CFO, tel. +358 10 686 7880


HUHTAMÄKI OYJ
Group Communications

About Huhtamaki
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging
with 2009 net sales totaling EUR 2 billion. Foodservice and consumer goods
markets are served by approximately 13,000 people in 54 manufacturing units and
several sales offices in 33 countries. The parent company, Huhtamäki Oyj, has
its head office in Espoo, Finland and its share is quoted on the NASDAQ OMX
Helsinki Ltd. Additional information is available atwww.huhtamaki.com.


[HUG#1446142]