HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 19.11.2008 AT 13:00 Huhtamäki Oyj has resolved to issue a EUR 75 million hybrid bond to Finnish institutional investors in order to strengthen the Group's capital structure. The coupon rate of the bond is 10.5% per annum. The bond has no maturity but the company may call the bond after three years. The bond will be treated as equity in the Group's IFRS financial statements. The issuance of the bond will not dilute holdings of company's shareholders. A hybrid bond is an equity bond that is subordinated to company's other debt obligations but senior to its other equity instruments. Holder of a hybrid bond does not have any shareholder rights. For further information please contact: Mr. Timo Salonen, CFO, Tel. +358 (0)10 686 7880, available between 1 - 3 pm Finnish time on November 19, 2008 Ms. Kia Aejmelaeus, Head of Investor Relations, Tel. +358 (0)10 686 7819 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 65 manufacturing units and several sales offices in 35 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.