HONKARAKENNE OYJ STOCK EXCHANGE RELEASE 15 MARCH 2010 AT 13:30 NEGOTIATIONS CONCLUDED UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS The co-operation negotiations concerning all Honkarakenne personnel in Finland and made public in the stock exchange release dated 11 January 2010 have been concluded. As a result of the negotiations, on financial and productive grounds as well as due to the rationalising of operations and the restructuring of its organisation in Finland, Honkarakenne will terminate the contracts of employment of 33 persons, of which 12 will be taken care of through pension arrangements. Additionally, 45 persons will be laid off for an indefinite period. The reductions and lay-offs will affect all employee groups. On 31 December 2009, Honkarakenne's average number of personnel was 303. Honkarakenne Oyj Esa Rautalinko President and CEO Further information: President and CEO, Esa Rautalinko, tel. +358 (0)400 740 997 esa.rautalinko@honka.com. DISTRIBUTION NASDAQ OMX Helsinki Oy Key media Financial Supervisory Authority www.honka.com