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2017-04-27 11:50 CEST
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Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 27.4.2017 AT 12:50

Resolutions of Huhtamäki Oyj's Annual General Meeting of Shareholders

Huhtamäki Oyj's Annual General Meeting of Shareholders was held in Helsinki on April 27, 2017. The meeting adopted the Annual Accounts including the Consolidated Annual Accounts for 2016, discharged the members of the Company's Board of Directors and the CEO from liability, and approved all proposals made to the Annual General Meeting by the Board of Directors and its Committees.

Dividend

Dividend for 2016 was set at EUR 0.73 per share. The dividend will be paid to a shareholder who on the record date May 2, 2017 is registered as a shareholder in the Company's shareholders' register held by Euroclear Finland Ltd. The dividend will be paid on May 9, 2017.

Composition of the Board of Directors

The number of members of the Board of Directors was confirmed to be eight (8). Ms. Eija Ailasmaa, Mr. Pekka Ala-Pietilä, Mr. Doug Baillie, Mr. William R. Barker, Mr. Rolf Börjesson, Mr. Jukka Suominen and Ms. Sandra Turner were re-elected as members of the Board of Directors and Ms. Kerttu Tuomas was elected as a new member of the Board of Directors for a term ending at the end of the next Annual General Meeting.

The Board of Directors elected Mr. Pekka Ala-Pietilä as the Chairman of the Board and Mr. Jukka Suominen as the Vice-Chairman of the Board.

Remuneration of the members of the Board of Directors

The Annual General Meeting confirmed that the annual remuneration to the members of the Board of Directors will remain unchanged and thus be paid as follows: to the Chairman EUR 120,000, to the Vice-Chairman EUR 68,000 and to other members EUR 57,000. In addition, the Annual General Meeting confirmed that the meeting fees will remain unchanged and thus be paid for each meeting attended as follows: EUR 1,000 for all meetings, except EUR 2,000 to the Chairman for the Audit Committee meetings, EUR 1,200 to the Chairman for the Human Resources Committee meetings and EUR 1,200 to the Chairman for the Nomination Committee meetings. Traveling expenses are compensated in accordance with the Company policy.

Auditor

Ernst & Young Oy, a firm of authorized public accountants, was elected as Auditor of the Company for the financial year January 1 - December 31, 2017. Mr. Mikko Järventausta, APA, will be the Auditor with principal responsibility.

The Auditor's remuneration is paid against an invoice approved by the Audit Committee of the Board of Directors.

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

The Board of Directors was authorized to resolve on the repurchase of an aggregate maximum of 10,776,038 of the Company's own shares. The authorization covers also directed repurchases of the Company's own shares. The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until June 30, 2018.

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

The Board of Directors was authorized to resolve on the issuance of shares and the issuance of special rights entitling to shares. The aggregate number of shares to be issued on the basis of the authorization may not exceed 14,000,000 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 authorization covers also directed issuances of shares. The authorization remains in force until the end of the next Annual General Meeting, however, no longer than until June 30, 2018.

Mr. Manne Airaksinen, Attorney-at-Law, chaired the meeting.

The minutes of the Annual General Meeting will be available on the Company's website at www.huhtamaki.com as from May 11, 2017 at the latest.

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

HUHTAMÄKI OYJ
Group Communications

Huhtamaki is a global specialist in packaging for food and drink. With our network of 76 manufacturing units and additional 24 sales only offices in altogether 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 17,300 employees develop and make packaging that helps great products reach more people, more easily. In 2016 our net sales totaled EUR 2.9 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 at www.huhtamaki.com

HUG#2098494