Honkarakenne Oyj - Company Announcement

PREPARATIONS FOR THE SALE OF THE COMPANY'S OWN SHARES AND FOR A DIRECTED ISSUE AS WELL AS SUBSCRIPTION COMMITMENTS

HONKARAKENNE OYJ Stock Exchange Release 11 January 2010 at 11:00 hours          

PREPARATIONS FOR THE SALE OF THE COMPANY'S OWN SHARES AND FOR A DIRECTED ISSUE  
AS WELL AS SUBSCRIPTION COMMITMENTS	                                            

On the basis of the authorization given by the 2009 Annual General Meeting,     
Honkarakenne Oyj's Board of Directors has decided to prepare a sale of the      
company's own shares to a restricted circle of the company's key personnel. The 
company has already received the following subscription commitments: Chairman of
the Board Lasse Kurkilahti 30,000 shares, board member Mauri Niemi's controlling
interest company Privatum Oy 20,000 shares and President and CEO Esa Rautalinko 
30,000 shares. The board is expected to take the final decision concerning the  
sale and the related terms on 26 January 2010.                                  

In accordance with the decision of Honkarakenne Oyj's Extraordinary General     
Meeting held on 8 December 2009, the board has also decided to prepare a        
directed issue of no more than 1,200,000 B shares in the form of a private      
placement to certain investors of a professional nature. The board is expected  
to take the final decision concerning making the issue, its volume and its terms
on 26 January 2010.                                                             

In connection with the drafting of the issue, the company has received          
subscription commitments from Saarelainen Oy (maximum 100,000 shares) and from  
Varma Mutual Pension Insurance Company (maximum 350,000 shares, however not     
exceeding 7.1% of the new number of shares). In the event of any                
over-subscription, Varma's subscription may be cut.                             

Honkarakenne's objective in the share issue is to underpin its capital structure
and enhance its operational and strategic flexibility.                          


HONKARAKENNE OYJ                                                                
Board of Directors                                                              

Additional information: President and CEO Esa Rautalinko, tel. +358             
(0)400 740 997                                                                  
esa.rautalinko@honka.com.                                                       


DISTRIBUTION                                                                    
OMX Helsinki                                                                    
Key media                                                                       
Financial Supervisory Authority                                                 
www.honka.com                                                                   


NOTE:                                                                           

The information conveyed in this release does not constitute an offer to sell or
buy securities, nor are the securities referred to in this release sold in areas
where such offering or selling would be illegal before they are registered or   
before a registration exemption or some other approval under the securities     
legislation of the relevant areas were obtained. Copies may not be made of this 
release or distributed in or sent to the United States, Great Britain, Canada,  
Australia, Hong Kong, Japan or South Africa.