Honkarakenne Oyj

Major Shareholding Notification • Mar 6, 2017

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

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

HONKARAKENNE OYJ Stock Exchange Release 6 March 2017 at 8:00 a.m.

HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITIES 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 voting rights of direct holding of Saarelainen Oy in Honkarakenne shares
has fallen below 30 % of the total voting rights. The holding controlled by
Saarelainen Oy under the shareholder agreement in Honkarakenne shares has
fallen below 20 % of total shares and below 50 % of total voting rights.
1. Identity of the issuer: Honkarakenne Oyj
2. Reason for the notification:
An event changing the breakdown of shares or 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: 3 March 2017
6. Total positions of person(s) subject to the notification obligation:

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•                % of shares and   % of    Total of both   Total number of
                  voting rights   shares    in % (7.A +       shares and  
                  (total of 7.A)   and         7.B)         voting rights 
                                  voting                      of issuer   
                                  rights                                  
                                  throug                                  
                                     h                                    
                                  financ                                  
                                   ial                                    
                                  instru                                  
                                   ments                                  
                                  (total                                  
                                    of                                    
                                   7.B)
  

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Resulting situation Direct Direct 6 211 419
on the date on which : : shares and 11
threshold was 913 243 votes
crossed or reached
Shares 10,34 % Shares 10,34 %
votes 27,58 % votes 27,58 %
Total: Total:
Shares 17,22 % Shares 17,22 %
votes 46,66 % votes 46,66 %

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Position of previous Direct Direct
notification (if : :
applicable)
Shares 12,32 % Shares 12,32 %
votes 30,10 % votes 30,10 %
Total: Total:
Shares 20,59 % Shares 20,59 %
votes 50,97 % votes 50,97 %

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1. Notified details of the resulting situation on the date on which the
   threshold was crossed or reached:

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• A: Shares and voting rights Number of shares and voting % of shares and
  rights voting rights

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Class/type of shares ISIN Direct Indirect Direct Indirect
code (if possible) (SMA 9:5) (SMA 9:6 ja (SMA (SMA 9:6 ja
9:7) 9:5) 9:7)

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HONBS Shares 503 Shares 330 8,51 % 5,64 %
107 388
Votes 503 Votes 330
107 388

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

HONAS Shares 139 Shares 97 182 46,35 32,38 %
100 %
Votes 2 782 Votes 1 943
000 640

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A TOTAL Shares Shares
: :
direct 642 direct 10,34 %
297
total 1 069 total 17,22%
777
Votes: Votes:
direct 3 285 direct 27,58 %
107
total 5 559 total 46,66 %
135

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1. Information in relation to the person subject to the notification obligation
   :

---

• Full chain of controlled undertakings through which the voting rights and/or the
  financial instruments are effectively held starting with the ultimate
  controlling natural person or legal entity:

---

• Name: % of shares and % of Total of both
  voting rights shares
  and
  voting
  rights
  throug
  h
  financ
  ial
  instru
  ments

---

Saarelainen Oy 10,34 % of 10,34 % of
share share
s s
27,58 % of 27,58 % of
votes votes

---

Saarelainen family members included in 6,88 % of 6,88 % of
Saarelainen shareholder agreement share share
s s
19,09 % of 19,09 % of
votes votes

---

1. Additional information:
   The voting rights of direct holding of Saarelainen Oy in Honkarakenne shares
   has fallen below 30 % of the total voting rights. The holding controlled by
   Saarelainen Oy under the shareholder agreement in Honkarakenne shares has
   fallen below 20 % of total shares and below 50 % of total voting rights.
   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