HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 23.4.2008 AT 08.55 Huhtamaki has completed the review of different strategic options for its Rigid Consumer Goods business unit in the UK. Huhtamaki is aiming to cease production of rigid plastic consumer goods packaging in the UK due to volume decline as well as continued increases in manufacturing and energy costs. The Consumer Goods business unit in the UK is loss-making with annual net sales of around EUR 30 million. Costs related to the planned closure will have an approximately EUR 8 million one-time adverse impact on Group 2008 EBIT. The annualized earnings improvement is expected to be EUR 3-4 million. A consultation process will start in relation to approximately 160 employees impacted at the Portadown and Gosport sites. Huhtamaki will continue to serve the UK Consumer Goods customers with specialty products, mainly paper based, from other Huhtamaki facilities. The manufacturing of foodservice products at the Gosport site will continue. For further information, please contact: Mr. Jukka Moisio, CEO, Tel. +358(0)10 686 7801 Mr. Timo Salonen, CFO, Tel. +358(0)10 686 7880 HUHTAMÄKI OYJ Group Communications Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2007 net sales totaling EUR 2.3 billion. Consumer goods and foodservice markets are served by some 15,000 people in 66 manufacturing units and several sales offices in 36 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the OMX Nordic Exchange Helsinki. Additional information is available at www.huhtamaki.com.
Huhtamaki is aiming to withdraw from rigid plastics Consumer Goods manufacturing in the UK
| Source: Huhtamäki Oyj