Honkarakenne Oyj - Tender offer

HONKARAKENNE REDEEMED ESA RAUTALINKO’S SHARES IN HONKA MANAGEMENT OY

Honkarakenne Oyj      Stock Exchange Release 29 March 2012 at 2:00 p.m.



HONKARAKENNE REDEEMED ESA RAUTALINKO'S SHARES IN HONKA MANAGEMENT OY

Honka Management Oy is a shareholding system for the executives of Honka Group,
enabling a long-term ownership of the company. Honka Management Oy owns a total
of 286,250 Honkarakenne Oyj B shares. 

According to the shareholders' agreement, Honkarakenne Oyj is entitled to
redeem any shares covered by the system, if a shareholder terminates his or her
employment or service contract with Honkarakenne Oyj. Esa Rautalinko resigned
from his position as the President and CEO of Honkarakenne Oyj on 27 January
2012. 

Honkarakenne Oyj has redeemed the 500 Honka Management Oy shares owned by
Rautalinko for the price of EUR 35,151, based on the shareholders' agreement.
Prior to this, Honkarakenne Oyj did not own any shares in Honka Management Oy.
Due to redeeming Rautalinko's shares, Honkarakenne Oyj now owns 47.0% of Honka
Management Oy. Other shareholders in Honka Management Oy are Mikko Jaskari
18.8%, Risto Kilkki 9.4%, Eino Hekali 9.4%, Reijo Virtanen 9.4% and Sanna
Wester 6.0%. 

Even before this redeeming Honkarakenne Oyj has had control of Honka Management
Oy based on the shareholders' agreement. This has meant that the company has
also previously been included in the consolidated financial statements. As well
as, shares in the parent company owned by Honka Management Oy have been
deducted from the consolidated balance sheet and the unrestricted equity of the
parent company. 

HONKARAKENNE OYJ

Board of Directors

Lasse Kurkilahti

Chairman of the Board



Further information:

Lasse Kurkilahti, Chairman of the Board of Directors, tel. +358 500 628 016





Distribution:

NASDAQ OMX Helsinki Oy

Key media

www.honka.com