Honkarakenne Oyj

Board/Management Information • Mar 31, 2017

Disclosure 350912

Honkarakenne Oyj - Changes board/management/auditors

PROPOSAL ON BOARD MEMBERS AND THEIR REMUNERATION TO HONKARAKENNE GENERAL MEETING

HONKARAKENNE OYJ Stock Exchange Release 31 March 2017 at 3:30 p.m.

PROPOSAL ON BOARD MEMBERS AND THEIR REMUNERATION TO HONKARAKENNE GENERAL MEETING

Honkarakenne’s main owner, Saarelainen Oy, that controls over 46 % of the votes carried by the company’s shares, including shares under Saarelainen shareholder agreement, proposes to the Honkarakenne Oyj Annual General Meeting that the number of Board Members, on the Board to be elected, be confirmed to be four, and that the current member of the Board, Anita Saarelainen to be re-elected. The curriculum vitae of the Board Member who has been proposed for re-election is available on the company’s website at http://www.honka.com/en/board-directors.

Honkarakenne’s main owner, Saarelainen Oy, that controls over 46 % of the votes carried by the company’s shares, including shares under Saarelainen shareholder agreement, proposes new Board members to be elected Timo Kohtamäki, Arimo Ristola and Kyösti Saarimäki.

Timo Kohtamäki’s, Arimo Ristola’s and Kyösti Saarimäki’s curriculum vitae is attached.

Honkarakenne’s main owner, Saarelainen Oy, that controls over 46 % of the votes carried by the company’s shares, including shares under Saarelainen shareholder agreement, proposes to the general meeting that the remuneration of the members of the board of directors be set at 1,200 euros per month and the remuneration of the chairman of the board at 2,000 euros per month. Should the board of directors appoint committees from among its number, it is proposed that, in addition to the aforementioned monthly remuneration, any committee members be paid 500 euros for each committee meeting. It is further proposed that the members’ travel and accommodation costs be reimbursed against an invoice.

HONKARAKENNE OYJ

Arto Tiitinen

Chairman of the Board

Further information:

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

DISTRIBUTION

NASDAQ OMX Helsinki

Key media

Financial Supervisory Authority

www.honka.com

TIMO KOHTAMÄKI

• born 23 May 1963 in Kurikka
• M.Sc. (civil engineering)1989, Lic.Tech.(Geotechnical and Environmental) 1996, Tampere University of technology
• Partner and Managing Director Foundia Housing Oy 2016-, Member of the board Are Oy 2015-, Member of the Board Kreate Oy 2015-, Member of the Board Luja Group Oy 2017-, Chairman of the Board Finnish Construction Industries RT 2011-2012, Member of the Board Confederation of Finnish Industries 2011-2012, Lemminkäinen 1996-2014, President and CEO 2009-2014
• Does not hold Honkarakenne shares
• Independent of the company and the major shareholders

ARIMO RISTOLA

• born 10 February 1946 in Jyväskylä
• M.Sc. in Economics, Jyväskylä Univeristy 1972
• Chairman of the Board AKR-Invest Oy 2016-, Member of the Board Oy Silenta Ltd 2016-, Managing Director AKR-Invest Oy 2017-, Managing Director Oy Silenta Ltd and Oy Silenta Electronics Ltd 1993-2016, Member of the Board Honkarakenne Oyj 1994-2004 and chairman of the Board 2002-2004, Company analyst, Accountable analyst of indystry, Area manager, Analysis of European area politics and cooperation with EIB, Bryssel for The Regional Fund of Finland Ltd 1973-1993
• Holds 100 Honkarakenne B shares and AKR Invest Oy, a company controlled by Arimo Ristola, holds 1.000.000 Honkarakenne B shares
• Independent of the company

KYÖSTI SAARIMÄKI

• born 6 October 1950 in Keuruu
• M.Sc. in Technology 1974, M.Sc. in Economics 1975
• Saarimäki Consulting Oy Chairman of the Board 1988-, Alkio college supporter’s club Board member 2014-, Teollisuusmeklarit Oy Board member 2015-, Vinanssi Oy Corporate Finance Board member 2015-, Finn-Savotta Oy Board member (non registered) 2014-, Okaria Oy partner and Chairman of the Board 2005-2015
• Does not hold Honkarakenne shares
• Independent of the company and the major shareholders