Honkarakenne Oyj

Board/Management Information • Jan 18, 2021

Disclosure 390441

Honkarakenne Oyj - Changes board/management/auditors

HONKARAKENNE VICE PRESIDENT, FINANCE - CFO LEENA AALTO TRANSFERS TO ANOTHER EMPLOYER

HONKARAKENNE OYJ Stock Exchange Release 18 January 2021 at 11:00 a.m.

HONKARAKENNE VICE PRESIDENT, FINANCE - CFO LEENA AALTO TRANSFERS TO ANOTHER EMPLOYER

Honkarakenne Vice President, Finance – CFO Leena Aalto has resigned to transfer to another employer. Leena Aalto has worked at Honkarakenne since January 2012 and Vice President, Finance – CFO and member of the executive team she has been since April 2017.

Leena Aalto is committed to continue working at Honkarakenne to transfer her duties, estimated until the end of February.

” I thank Leena for her loyal responsibility on our company's journey, where the goal has always been to be the most profitable company in the industry. The journey together has been rewarding and I would like to wish Leena every success in the new challenges. This is how life goes, the journey continues”, says President and CEO Marko Saarelainen.

Honkarakenne will initiate the search for a new CFO immediately.

HONKARAKENNE OYJ

Marko Saarelainen

President and CEO

MORE INFORMATION

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

DISTRIBUTION

Nasdaq Helsinki Ltd

Key media

Financial Supervisory Authority

www.honka.com

Under its Honka® brand, Honkarakenne manufactures high-quality, healthy and ecological detached houses, holiday homes and public buildings using Finnish solid wood. The company has delivered 85,000 buildings to more than 50 countries. House packages are made in Finland, the companys’s own factory is located in Karstula, Finland. In 2019, the Honkarakenne Group had net sales of MEUR 47.5, of which exports accounted for 34%. www.honka.com