The Annual General Meeting of Honkarakenne Oyj will be held on Friday, 4 April 2008, starting at 2 p.m. at the corporate head office in Tuusula, address: Lahdentie 870, Tuusula, Finland. Agenda for the meeting 1. Matters pertaining to the Annual General Meeting pursuant to Article 12 of The Articles of Association. 2. Proposal of the Board of Directors for granting an authorization to the Board to decide on acquisition of the company's own shares The Board of Directors proposes that the Annual General Meeting authorize the Board to decide on an acquisition of the company's own shares 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. 3. Proposal of the Board of Directors for granting an authorization to the Board to transfer shares of the company The Board of Directors proposes that the Annual General Meeting authorize the Board to decide on a transfer of the company's shares 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. Payment of dividends The Board of Directors proposes to the Annual General Meeting 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. Composition of the Board of Directors and the Auditor Shareholders representing in total more than 50% of all votes attached to the company's shares have announced that they will propose to the Annual General Meeting that the number of Board members be confirmed as five and that the following present Board members be re-elected to the Board: Mauri Saarelainen, Tomi Laamanen, Mauri Niemi and Eero Saarelainen, and a new member: Pirjo Ruuska. The Annual General Meeting will be proposed that KPMG Oy Ab, Authorised Public Accountants, will be appointed as auditor of the company, with Authorised Public Accountant Ari Eskelinen in charge. All the nominees have given their consent. Documents available for perusal The accounting documents and proposals of the Board of Directors are available for perusal by shareholders as from 28 March 2008 at the head office of the company. The documents will also be displayed on company web site www.honka.com/investors from week 12. Right to attend the Annual General Meeting Shareholders registered as such by Tuesday, 25 March 2008 in the register of shareholders maintained by Nordic Central Securities Depository Ltd are entitled to participate in the Annual General Meeting. Shareholders are kindly requested to notify their participation by Friday 28 March 2008, telephone +358 20 575 700 (exchange), fax +358 20 575 7701, or e-mail info@honka.com. Tuusula, 13 March 2008 Board of Directors Additional information: Mr. Esko Teerikorpi, president, tel. +358 40 580 6111, esko.teerikorpi@honka.com. DISTRIBUTION Helsinki Stock Exchange Principal media Financial Supervision