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2016-02-11

Huhtamäki Oyj: Proposals by Huhtamäki Oyj's Board of Directors and Audit Committee to the Annual General Meeting of Shareholders

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 11.2.2016 AT 9:00

Proposals by Huhtamäki Oyj's Board of Directors and Audit Committee to the
Annual General Meeting of Shareholders

The Annual General Meeting of Shareholders of Huhtamäki Oyj will be held on
Thursday, April 21, 2016, at 13:00 at Finlandia Hall's congress wing, at the
address Mannerheimintie 13 e, Helsinki, Finland.

Use of the profit shown on the balance sheet

The Board of Directors proposes that a dividend of EUR 0.66 per share would be
paid based on the balance sheet adopted for the financial period ended on
December 31, 2015. The dividend would be paid to a shareholder who on the
dividend record date April 25, 2016 is registered as a shareholder in the
Company's shareholders' register held by Euroclear Finland Ltd. The Board of
Directors proposes that the dividend would be paid on May 2, 2016.

No significant changes have taken place in the Company's financial position
since the end of the financial year. The Company's liquidity position is good
and the proposed distribution does not, in the view of the Board of
Directors, risk the Company's ability to fulfill its obligations.

Election and remuneration of the Auditor

The Audit Committee of the Board of Directors proposes that Ernst&Young Oy, a
firm of authorized public accountants, would be elected as Auditor for the
financial year January 1 - December 31, 2016. Ernst&Young Oy has announced
that Mr. Harri Pärssinen, APA, would be the Auditor with principal
responsibility.

The Audit Committee of the Board of Directors proposes that the Auditor's
remuneration would be paid against an invoice approved by the Audit Committee
of the Board of Directors.

Authorizing the Board of Directors to resolve on the repurchase of the
Company's own shares

The Board of Directors proposes that the Annual General Meeting would
authorize the Board of Directors to resolve on the repurchase of an aggregate
maximum of 10,776,038 of the Company's own shares, subject to the number of
shares held by the Company at any given moment not exceeding 10 percent of
all the shares of the Company. Own shares may be repurchased on the basis of
the authorization only by using non-restricted equity.

Own shares may be repurchased at a price formed in public trading on the date
of the repurchase or otherwise at a price formed on the market. The Board of
Directors resolves on how shares are repurchased. Own shares may be
repurchased otherwise than in proportion to the shares held by the
shareholders (directed repurchase). The authorization remains in force until
the end of the next Annual General Meeting, however, no longer than until
June 30, 2017.

Authorizing the Board of Directors to resolve on the issuance of shares and
the issuance of special rights entitling to shares

The Board of Directors proposes that the Annual General Meeting would
authorize the Board of Directors to resolve on the issuance of shares and the
issuance of options and other special rights entitling to shares referred to
in chapter 10 section 1 of the Companies Act subject to the aggregate number
of shares to be issued not exceeding 14,000,000 shares, which corresponds to
approximately 13 percent of the current shares of the Company. The
authorization concerns both the issuance of new shares and the transfer of
the Company's own treasury shares, however so that the number of new shares
to be issued may not exceed 10,000,000 shares and the number of own treasury
shares to be transferred may not exceed 4,000,000 shares.

The Board of Directors resolves on all the terms and conditions of the
issuance of shares and special rights entitling to shares, and may deviate
from the shareholders' pre-emptive subscription rights (directed issue). The
authorization remains in force until the end of the next Annual General
Meeting, however, no longer than until June 30, 2017.

Proposals of the Nomination Committee of the Board of Directors to the Annual
General Meeting of Shareholders regarding the members of the Board of
Directors and their remuneration are planned to be published on March 31,
2016 at the latest.

The notice to convene the Annual General Meeting is planned to be published on
the Company's website on March 31, 2016 at the latest. In addition, there
will be an announcement regarding the notice in the Helsingin Sanomat
newspaper.

For further information, please contact:
Sami Pauni, Senior Vice President, Corporate Affairs and Legal, Group General
Counsel, tel. +358 (0)10 686 7872

HUHTAMÄKI OYJ
Group Communications

Huhtamaki is a global specialist in packaging for food and drink. With our
network of 71 manufacturing units and 23 sales offices in 34 countries, we're
well placed to support our customers' growth wherever they operate. Mastering
three distinctive packaging technologies, approximately 15,800 employees
develop and make packaging that helps great products reach more people, more
easily. In 2015 our net sales totaled EUR 2.7 billion. The Group has its head
office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on
Nasdaq Helsinki Ltd. Additional information is available atwww.huhtamaki.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Huhtamäki Oyj via Globenewswire

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