HONKARAKENNE OYJ Stock Exchange Release 4 April 2008 at 15:30 HONKARAKENNE OYJ'S ANNUAL GENERAL MEETING Honkarakenne Oyj's Annual General Meeting held on Friday 4 April 2008 at the corporate head office in Tuusula, adopted the consolidated and parent company financial statements and granted discharge from liability for 2007 to the members of the Board of Directors and the President. The meeting dealt with the matters pertaining to the Annual General Meeting pursuant to Article 12 of the Articles of Association. The Annual General Meeting decided to grant an authorization to the Board to acquire the company's own shares in accordance with the currently valid Companies Act and on the following terms and conditions: - The Board of Directors may determine to acquire a maximum number of shares whose aggregate nominal value together with the aggregate nominal value of the shares held in treasury equals 10% of the share capital of the company at the date of acquisition. - The shares shall be acquired in public trading organized by OMX Nordic Exchange Helsinki Oy, in a proportion disapplying the pre-emptive rights of existing shareholders. - The shares can be acquired to develop the capital structure of the company, for financing of acquisitions or other similar arrangements, or for other transfers or maculation. - The shares shall be acquired at the current prices prevailing in public trading at the time of the acquisition. The acquisition of the shares will decrease the distributable funds of the company. - The authorization shall remain in force until 3 April 2009. The Annual General Meeting decided to grant an authorization to the Board of Directors to transfer shares of the company on the following terms and conditions: - The Board of Directors can decide on a transfer of not more than 374,896 B-shares. - The Board of Directors can determine the transferees and the procedure for transferring the company's shares in a proportion disapplying the pre-emptive rights of existing shareholders. - The shares can be transferred according to the procedure and in the extent determined by the Board by way of consideration for acquisitions or other arrangements as the case may be, or sold in public trading organized by OMX Nordic Exchange Helsinki Oy. - The shares shall be transferred at the public trading price prevailing at the time of the transfer, and can be transferred in exchange for a consideration in kind. - The authorization shall remain in force until 3 April 2009. The Annual General Meeting decided that a dividend of EUR 0.30/share be distributed for the financial year 2007. Shareholders registered in the register of shareholders maintained by Nordic Central Securities Depository Ltd at the record date, 9 April 2008, are entitled to receive dividends. The date for payment of dividends is 16 April 2008. Mr. Mauri Saarelainen, Mr. Eero Saarelainen, Mr. Tomi Laamanen and Mr. Mauri Niemi were re-elected members of the Board of Directors. Ms. Pirjo Ruuska was elected as a new member of the Board. Ms. Ruuska is civil engineer and the President of Epira Oy. She was born in Pielisjärvi, Finland in 1956 and she owns 1,530 Honkarakenne's A-shares and 76,216 B-shares. KPMG Oy Ab, Corporation of Authorized Public Accountants was re-elected auditor, with Mr. Ari Eskelinen, APA, as auditor with main responsibility. The next interim report for January - March 2008 will be published on Wednesday 7 May 2008. HONKARAKENNE OYJ Esko Teerikorpi President For additional information: Mr. Esko Teerikorpi, President; tel. +358 40 580 6111, esko.teerikorpi@honka.com. DISTRIBUTION Helsinki Exchanges Principal media Financial Supervision