Huhtamäki Oyj - Company Announcement

Huhtamaki to sell its rigid plastic consumer goods business in Australia

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 13.11.2009 AT 10.45

Huhtamaki has agreed to sell its rigid plastic consumer goods
business in Australia to Alto Manufacturing Pty Ltd, a subsidiary of
Pact Group Pty Ltd. The annual net sales of the divested business is
some EUR 50 million and it currently employs some 330 people. The
divested business includes three manufacturing units in Bankstown,
Mulgrave and Wacol. The agreed value for the transaction is EUR 33
million. The transaction is expected to be finalized in approximately
two weeks."We are pleased to be able to finalize the strategic review of our
rigid plastic consumer goods business for Australia's part
approximately in a year from the strategy announcement", says
Huhtamäki Oyj's CEO Jukka Moisio. "Pact Group already acquired our
Australian EPS (Expanded Polystyrene) business and we feel that Pact
Group is a good future owner for the rigid plastic consumer goods
business in Australia." The divested units serve multinational and
local customers with dairy, ice cream and edible fats packaging.

In Australia, Huhtamaki will continue its foodservice, molded fiber
and flexibles operations. Rigid paper and plastic packaging
production in Windsor serving the local foodservice market, the rough
molded fiber packaging production in Preston and the flexibles sales
unit in Waverly continue to support customers in strategic focus
areas."Following this divestment, we are halfway through the strategic
review in terms of net assets. We will continue to review our rigid
plastic consumer goods operations in Europe. One possible outcome is
a sale," Jukka Moisio recaps.

For further information, please contact:
Kia Aejmelaeus, Head of IR, tel. +358 (0)10 686 7819, mobile +358
(0)40 7654616
Minna Kylänpää, Head of Group Communications, tel. +358(0)10 686 7863


HUHTAMÄKI OYJ
Group Communications

Huhtamaki Group is a leading manufacturer of consumer and specialty
packaging with 2008 net sales totaling EUR 2.3 billion. Foodservice
and consumer goods markets are served by approximately 13,000 people
in 59 manufacturing units and several sales offices in 34 countries.
The parent company, Huhtamäki Oyj, has its head office in Espoo,
Finland and is listed on the NASDAQ OMX Helsinki Ltd. Additional
information is available at www.huhtamaki.com.