DISCLOSURE NOTIFICATION UNDER CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT


HONKARAKENNE OYJ Stock Exchange Release 4 February 2010 at 15:30 hours 
         
DISCLOSURE NOTIFICATION UNDER CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES   
MARKETS ACT                                                                     

Honkarakenne Oyj has received the following disclosure notification:            

Saarelainen Oy has notified a decrease in its shareholding to under 20% of the  
total number of shares as a result of the share issue, which was decided by the 
Board of Directors of Honkarakenne Oyj on 26 January 2010, being recorded in
the Trade Register. 

Prior to the arrangement, Saarelainen Oy held 139,100 A shares and 638,800 B    
shares, equating to 20.8% of total shares and 36.2% of total votes. Following   
the arrangement, Saarelainen Oy holds 139,100 A shares and 702,460 B shares,    
equating to 17.0% of total shares and 32.7% of total votes.                     

Honkarakenne Oyj's share capital comprises a total of 4,948,968 shares, of which
300,096 are A shares and 4,648,872 are B shares. Each B share carries one (1)   
vote and each A share carries twenty (20) votes. Hence, Honkarakenne's shares in
aggregate carry a total of 10,650,792 votes.                                    

HONKARAKENNE OYJ                                                                

Esa Rautalinko                                                                  
President and CEO                                                               

Additional information: President and CEO Esa Rautalinko,                       
tel. +358 (0)400 740 997, esa.rautalinko@honka.com.                             

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Financial Supervisory Authority                                                 
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