Huhtamäki Oyj - Company Announcement

Huhtamaki issues EUR 75 million hybrid bond

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 19.11.2008 AT 13:00

Huhtamäki Oyj has resolved to issue a EUR 75 million hybrid bond to
Finnish institutional investors in order to strengthen the Group's
capital structure. The coupon rate of the bond is 10.5% per annum.
The bond has no maturity but the company may call the bond after
three years. The bond will be treated as equity in the Group's IFRS
financial statements. The issuance of the bond will not dilute
holdings of company's shareholders.

A hybrid bond is an equity bond that is subordinated to company's
other debt obligations but senior to its other equity instruments.
Holder of a hybrid bond does not have any shareholder rights.

For further information please contact:
Mr. Timo Salonen, CFO, Tel. +358 (0)10 686 7880, available between 1
- 3 pm Finnish time on November 19, 2008
Ms. Kia Aejmelaeus, Head of Investor Relations, Tel. +358 (0)10 686
7819


HUHTAMÄKI OYJ
Group Communications


Huhtamaki Group is a leading manufacturer of consumer and specialty
packaging with 2007 net sales totaling EUR 2.3 billion. Consumer
goods and foodservice markets are served by some 15,000 people in 65
manufacturing units and several sales offices in 35 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.