Honkarakenne Oyj - Decisions of general meeting

HONKARAKENNE OYJ Stock Exchange Release 3 April 2009 ANNUAL GENERAL MEETING

HONKARAKENNE OYJ	Stock Exchange Release 3 April 2009                           

HONKARAKENNE OYJ'S ANNUAL GENERAL MEETING                                       

Honkarakenne Oyj's Annual General Meeting held on Friday 3 April 2009 at the    
corporate head office in Tuusula, adopted the consolidated and parent company   
financial statements and granted discharge from liability for 2008 to the       
members of the Board of Directors and the President.                            

The meeting dealt with the matters pertaining to the Annual General Meeting     
pursuant to Article 12 of the Articles of Association.                          

The Annual General Meeting decided to grant an authorization to the Board to    
acquire the company's own shares in accordance with the currently valid         
Companies Act and 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 10% of the share capital of the company at the   
date of acquisition.                                                            
- The shares shall be acquired in public trading organized by NASDAQ OMX        
Helsinki Oy, in a proportion disapplying the pre-emptive rights of existing     
shareholders.                                                              
- The shares can be acquired as a part of the company's incentive and reward    
system, 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 26 March 2010.                  

The Annual General Meeting decided to grant an authorization to the Board of    
Directors to transfer shares of the company on the following terms and          
conditions:                                                                     
- The Board of Directors can decide on a transfer of not more than 374,896      
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 OMX     
Nordic Exchange Helsinki Oy.                                                    
- The authorization shall remain in force until 26 March 2010.                  

The Annual General Meeting decided that dividend is not distributed for the     
financial year 2008.                                                            

Mr. Mauri Saarelainen, Mr. Tomi Laamanen, Mr. Mauri Niemi and Ms. Pirjo Ruuska  
were re-elected members of the Board of Directors. Mr. Lasse Kurkilahti and Mr. 
Marko Saarelainen were elected as new members of the Board.                     

The Annual General Meeting decided that director compensation will be set at EUR
1,200 per month and that 50 percent of the director compensation can be paid    
with company's own shares.                                                      

KPMG Oy Ab, Corporation of Authorized Public Accountants was re-elected auditor,
with Mr. Ari Eskelinen, APA, as auditor with main responsibility.               

The next interim report for January - March 2009 will be published on Thursday  
14 May 2009.                                                                    

HONKARAKENNE OYJ                                                                

Esko Teerikorpi                                                                 
President                                                                       

For additional information: Mr. Esko Teerikorpi, President; tel. +358 40 580    
6111, esko.teerikorpi@honka.com.                                                

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