Huhtamäki Oyj - Company Announcement

Clarification to the accounting treatment of the sale of Huhtamäki Oyj's Films business

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 21.1.2015 AT 08:30

Clarification to the accounting treatment of the sale of Huhtamäki Oyj's Films
business

As announced earlier, Huhtamäki Oyj completed the sale of its Films business on
December 31, 2014 with the debt and cash free selling price of EUR 141 million.
As outcome of the divestment Huhtamaki will book an equity gain of approximately
EUR 5 million in the fourth quarter 2014. According to IFRS accounting
standards, in a situation where a parent company loses control of its
subsidiary, items recognized in accordance with IAS 19 in other comprehensive
income shall not be reclassified through profit and loss but are transferred
within equity. Due to this Huhtamaki will book a loss of approximately EUR 17.5
million as a non-recurring item in the income statement and a gain of
approximately EUR 22.5 million directly to equity, resulting in the
abovementioned EUR 5 million gain. In financial reporting for 2014, the Films
business segment will be reported as discontinued operations.

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

HUHTAMÄKI OYJ
Group Communications

Huhtamaki is a global specialist in packaging for food and drink. With our
network of 58 manufacturing units and 18 sales offices in 30 countries, we're
well placed to support our customers' growth wherever they operate. Mastering
three distinctive packaging technologies, approximately 13,800 employees develop
and make packaging that helps great products reach more people, more easily. In
2013 our net sales totaled EUR 2.3 billion. The Group has its head office in
Espoo, Finland and the parent company Huhtamäki Oyj is listed on NASDAQ OMX
Helsinki Ltd. Additional information is available at www.huhtamaki.com.


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