Honkarakenne Oyj - Major shareholder announcements

HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITES MARKET ACT, CHAPTER 9, SECTION 5

HONKARAKENNE OYJ Stock Exchange Release 30 November 2016 at 5:00 p.m.

HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITES MARKET ACT, CHAPTER 9,
SECTION 5 

Honkarakenne Oyj has received the following notification pursuant to Chapter 9,
Section 5 of the Finnish Securities Market Act: 
The direct holding of Saarelainen Oy in Honkarakenne shares has decreased below
15 % of the total number of shares. The holding controlled by Saarelainen Oy
under the shareholder agreement in Honkarakenne shares remains over 50 % of
total voting rights of the company. 
1. Identity of the issuer: Honkarakenne Oyj

2. Reason for the notification:

   An acquisition of disposal of shares of voting rights

3. Details of person subject to the notification obligation:

   Name: Saarelainen Oy, City and country of residence: Tuusula, Finland

5. Date on which the threshold was crossed or reached: 29 November 2016

6. Total positions of person(s) subject to the notification obligation:

                      % of shares   % of shares    Total of   Total number of

                     and voting    and voting     both in %  shares and

                     rights        rights through            voting

                                   financial                 of issuer

                                   instruments

--------------------------------------------------------------------------------

Resulting situation  12.23%        -              12.23%     5211419 shares

on the date on       of shares                    of shares

which the threshold

was crossed or       51.00%        -              51.00%     10913243 votes

reached              of voting                    of voting

                     rights                       rights

--------------------------------------------------------------------------------

Position of          15.9%        -               15.9%

previous             of shares                    of shares

notification

(if applicable)      57.1%                        57.1%

                     of voting                    of voting

                     rights                       rights

--------------------------------------------------------------------------------
------------------------------------------------ 

7. Notified details of the resulting situation on the date on which the
threshold was crossed: 
A. Shares and voting rights
Class/typeNumber of shares and% of shares and voting
of sharesvoting rightsrights 
ISINcode
--------------------------------------------------------------------------------
DirectIndirectDirectIndirect
(SMA 9:5)(SMA 9:6 and 9:7)(SMA 9:5)(SMA 9:6 and 9:7)
--------------------------------------------------------------------------------
HONBSshares 498299shares 353274shares 10.27%shares 7.19%
votes 498299votes 353274votes 10.27%votes 7.19%
--------------------------------------------------------------------------------
HONASshares 139100shares 96582shares 46.35%shares 32.18%
votes 2782000votes 1931640votes 46.35%votes 32.18%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
A TOTALshares: direct 637399shares: direct 12.23%
and total 1087255and total 20.86%
votes: direct 3280299votes: direct 30.06%
and total 5565213and total 51.00%
--------------------------------------------------------------------------------
8. Information in relation to the person subject to the notification obligation:
Name% of shares% of sharesTotal
abd votingand votingof both
rightsrights through
financial
instruments
--------------------------------------------------------------------------------
Saarelainen Oy12.23% of shares-12.23% of shares
30.06% of votes-30.06% of votes
--------------------------------------------------------------------------------
Saarelainen family members8.63% of shares-8,63% of shares included in
Saarelainen20.94% of votes-20,94% of votesshareholder agreement 
--------------------------------------------------------------------------------
10.Additional information:
The direct holding of Saarelainen Oy in Honkarakenne shares has decreased below
15 % of the total number of shares. The holding controlled by Saarelainen Oy
under the shareholder agreement in Honkarakenne shares remains over 50 % of
total voting rights of the company. 
Saarelainen Oy and certain shareholders representing the Saarelainen family
signed an amended shareholder agreement on 17 February 2009. The previous
shareholder agreement was signed on 21 April 1990. The parties to the agreement
agreed that the shareholders will strive to exercise their voting rights
unanimously at company meetings. If they are unable to reach consensus, the
shareholders will vote in favour of Saarelainen Oy's position. 
 
HONKARAKENNE OYJ
Marko Saarelainen 
President and CEO
 
 
FURTHER INFORMATION:

Marko Saarelainen, President and CEO, tel. +358 40 542 0254,
marko.saarelainen@honka.com 





DISTRIBUTION

NASDAQ OMX Helsinki

Key media

Financial Supervisory Authority

www.honka.com