Honkarakenne Oyj

Major Shareholding Notification • Jun 2, 2017

Disclosure 352990

Honkarakenne Oyj - Major shareholder announcements

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

HONKARAKENNE OYJ Stock Exchange Release 2 June 2017 at 9:00 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:

Saarelainen Oy’s direct holding in Honkarakenne shares has fallen below 10 percent of all shares and direct holding of the voting rights has fallen below 25 percent of the total voting rights.

1. Identity of the issuer: Honkarakenne Oyj

2. Reason for the notification:

An acquisition or disposal of shares or voting rights

1. Details of person subject to the notification obligation:

Name: Saarelainen Oy

City and country of residence: Tuusula, Finland

1. Date on which the threshold was crossed or reached: 1 June 2017

6. Total positions of person(s) subject to the notification obligation:
	% of shares and voting rights (total of 7.A)	% of shares and voting rights through financial instruments (total of 7.B)	Total of both in % (7.A + 7.B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	Direct:				Direct:		6211419 shares and 11913243 votes
Shares	9,86 %			Shares	9,86 %
votes	22,57 %			votes	22,57 %
Total:				Total:
Shares	16,65 %			Shares	16,65 %
votes	41,16 %			votes	41,16 %
Position of previous notification (if applicable)	Direct:				Direct:
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 %

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights	Number of shares and voting rights	% of shares and voting rights
Class/type of shares ISIN code (if possible)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
HONBS	Shares	503107	Shares	327372	8,51 %	5,54 %
	Votes	503107	Votes	327372
HONAS	Shares	109100	Shares	94547	36,36 %	31,51 %
	Votes	2182000	Votes	1890940
A TOTAL	Shares:				Shares:
	direct	612207			direct	9,86 %
	total	1034126			total	16,65 %
	Votes:				Votes:
	direct	2685107			direct	22,57 %
	total	4903419			total	41,16 %

8. 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 voting rights	% of shares and voting rights through financial instruments	Total of both
Saarelainen Oy	9,86 %	of shares			9,86 %	of shares
	22,57 %	of votes			22,57 %	of votes
Saarelainen family members included iin Saarelainen shareholder agreement	6,79 %	of shares			6,79 %	of shares
18,62 %	of votes			18,62 %	of votes

1. Additional information:

Saarelainen Oy’s direct holding in Honkarakenne shares has fallen below 10 percent of all shares and direct holding of the voting rights has fallen below 25 percent of the 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