HONKARAKENNE

NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 9, SECTION 5

HONKARAKENNE OYJ Stock Exchange 1 June 2020 at 12:00 a.m.

HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 9, SECTION 5

Honkarakenne Oyj has received the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act:

Saarelainen Oy’s holding of shares in Honkarakenne Oyj's shares has exceeded 10 percent of total number of shares.

1. Identity of the issuer: Honkarakenne Oyj                     
                                                        
2. Reason for the notification: An acquisition or disposal of shares or voting rights                           
                                                        
3. Details of person subject to the notification obligation:

Name: Saarelainen Oy 

City and country of residence: Tuusula, Suomi
                  
5. Date on which the threshold was crossed or reached: 29 June 2020

6. Total positions of person(s) subject to the notification obligation:

	% of shares and voting rights (total of 7.A)	% of shares and voting rights through financial instruments (total of 7.B)	Total of both in % (7.A + 7.B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	Direct:10.04 % of shares and 22.64 % of votes, total :16.31 % of shares and 38.00% votes		Direct:10.04 % of shares and 22.64 % of votes, total :16.31 % of shares and 38.00% votes	6 211 419 shares and 11 913 243 votes
Position of previous notification (if applicable)	Direct: 9.86 % of shares and 22.57 % votes, total: 16.65 % of shares and 41.16 % votes		Direct: 9.86 % of shares and 22.57 % votes, total: 16.65 % of shares and 41.16 % votes

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached: