Honkarakenne Oyj - Notice to general meeting

Notice of annual general meeting

The Annual General Meeting of Honkarakenne Oyj will be held on Friday, 30 March 
2007, starting at 2 p.m. at the corporate head office in Tuusula, address:      
Lahdentie 870, Tuusula, Finland.                                                

Agenda for the meeting                                                          

1. Matters pertaining to the Annual General Meeting pursuant to Article 12 of   
The Articles of Association.                                                    

2. Proposal of the Board of Directors for granting an authorization to the Board
to decide on acquisition of the company's own shares                            

The Board of Directors proposes that the Annual General Meeting authorize the   
Board to decide on an acquisition of the company's own shares 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 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 other       
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.                   

3. Proposal of the Board of Directors for granting an authorization to the Board
to transfer shares of the company                                               
The Board of Directors proposes that the Annual General Meeting authorize the   
Board to decide on a transfer of the company's shares 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 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.                   
Payment of dividends                                                            
The Board of Directors proposes to the Annual General Meeting that dividend is  
not distributed for the financial year 2006.                                    

Auditors                                                                        
The Annual General Meeting will be proposed that KPMG Oy Ab, Authorised Public  
Accountants, will be appointed as auditor of the company, with Authorised Public
Accountant Ari Eskelinen in charge.                                             

The nominee has given his consent.                                              

Documents available for perusal                                                 
The accounting documents and proposals of the Board of Directors are available  
for perusal by shareholders as from 23 March 2007 at the head office of the     
company. The documents will also be displayed on company web site               
www.honka.com/investors.                                                        
Right to attend the Annual General Meeting                                      
Shareholders registered as such by Tuesday, 20 March 2007 in the register of    
shareholders maintained by Finnish Central Securities Depository Ltd are        
entitled to participate in the Annual General Meeting.                          

Notification of attendance                                                      
Shareholders are kindly requested to notify their participation by Friday 23    
March 2007, telephone +358 20 575 700 (exchange), fax +358 20 575 7701, or      
e-mail info@honka.com.                                                          

Tuusula, 13 March 2007                                                          

Board of Directors                                                              

Additional information: Mr. Esko Teerikorpi, president, tel. +358 20 575 7816,  
+358 400 580 6111, esko.teerikorpi@honka.com.                                   


DISTRIBUTION                                                                    
Helsinki Stock Exchange                                                         
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