Honkarakenne Oyj - Decisions of general meeting

HONKARAKENNE OYJ'S ANNUAL GENERAL MEETING

Honkarakenne Oyj's Annual General Meeting held on Friday 30 March 2007 at the
corporate head office in Tuusula, adopted the consolidated and parent company
financial statements and granted discharge from liability for 2006 to the
members of the Board of Directors and the President. 

The meeting dealt with the matters pertaining to the Annual General Meeting
pursuant to Article 12 of the Articles of Association. 

The Annual General Meeting decided to grant an authorization to the Board to
acquire the company's own shares in accordance with the currently valid
Companies Act and on the following terms and conditions: 
- The Board of Directors may determine to acquire a maximum number of shares
whose aggregate nominal value together with the aggregate nominal value of the
shares currently held in treasury equals 5 % of the share capital of the
company at the date of acquisition. 
- The shares shall be acquired in public trading organized by the Helsinki
Exchanges, in a proportion disapplying the pre-emptive rights of existing
shareholders. 
- The shares can be acquired to develop the capital structure of the company,
for financing of acquisitions or other similar arrangements, or for transfers
or maculation. 
- The shares shall be acquired at the current prices prevailing in public
trading at the time of the acquisition. The acquisition of the shares will
decrease the distributable funds of the company. 
- The authorization shall remain in force until 4 April 2008.

The Annual General Meeting decided to grant an authorization to the Board of
Directors to transfer shares of the company on the following terms and
conditions: 
- The Board of Directors can decide on a transfer of not more than 187,448
B-shares. 
- The Board of Directors can determine the transferees and the procedure for
transferring the company's shares in a proportion disapplying the pre-emptive
rights of existing shareholders. 
- The shares can be transferred according to the procedure and in the extent
determined by the Board, by way of consideration for acquisitions or other
arrangements as the case may be, or sold in public trading organized by the
Helsinki Exchanges. 
- The shares shall be transferred at the public trading price prevailing at the
time of the transfer, and can be transferred in exchange for a consideration in
kind. 
- The authorization shall remain in force until 4 April 2008.

The General meeting decided to change the Article 11 of the Articles of
Association as follows: 
"The summons to the general meeting must be delivered no later than 17 days
before the General meeting by publishing the summons in the Finnish Kauppalehti
or by delivering the summons to the meeting to every shareholder in writing and
in a verifiable way." 

The Annual General Meeting decided that dividend is not distributed for the
financial year 2006. 

Mr. Mauri Saarelainen, Mr. Eero Saarelainen, Mr. Kari Saarelainen and Mr. Mauri
Niemi were re-elected members of the Board of Directors. Mr. Tomi Laamanen was
elected as a new member of the Board. Mr. Laamanen is the professor of
Strategic Management, Helsinki University of Technology. He was born in
Helsinki, Finland in 1968. He is Master of Science in Technology (1993) and
Doctor of Technology (1997). 

KPMG Oy Ab, Corporation of Authorized Public Accountants was re-elected
auditor, with Mr. Ari Eskelinen, APA, as auditor with main 
responsibility.

The next interim report for January - March 2007 will be published on Thursday
3 May 2007. 


For additional information: Mr. Esko Teerikorpi, President; tel. 020 575 7816;
GSM 040 580 6111. 


HONKARAKENNE OYJ
Esko Teerikorpi
President

DISTRIBUTION
Helsinki Exchanges
Principal media