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Proposals by Huhtamäki Oyj's Nomination Committee to the Annual General Meeting of Shareholders

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 15.3.2016 AT 9:20


Proposals by Huhtamäki Oyj's Nomination 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.

Composition of the Board of Directors
The Nomination Committee of the Board of Directors proposes that the number of members of the Board of Directors would be seven (7).

The Nomination Committee of the Board of Directors proposes that Ms. Eija Ailasmaa, Mr. Pekka Ala-Pietilä, Mr. William R. Barker, Mr. Rolf Börjesson, Mr. Jukka Suominen and Ms. Sandra Turner would be re-elected as members of the Board of Directors and that Mr. Doug Baillie would be elected as a new member of the Board of Directors for a term ending at the end of the next Annual General Meeting.

The current member of the Board of Directors Ms. Maria Mercedes Corrales has notified the Company that she will not stand for re-election to the Board of Directors.

Mr. Doug Baillie (born 1955) has acted in several different roles within Unilever Group from 1978 until 2016, latest positions being Chief Human Resources Officer and a member of the Executive Board (ULE) of Unilever Group (2011-2016), President, Western Europe (2008-2011), Chief Executive Officer & Group Vice President, South Asia, Hindustan Unilever (2006-2008) and Group Vice President, Africa, Middle East & Turkey (2004-2005). Mr. Baillie's current key positions of trust are Board member of the The MasterCard Foundation as well as Board member of Leverhulme Trust. Mr. Baillie has a BComm, Business Finance, Marketing & Business Administration degree. He is independent of the Company and significant shareholders.

The biographical details of all candidates are presented on the Company's website (www.huhtamaki.com) at the Investors section.

All of the candidates have given their consent to the election. In addition, all of the candidates have notified the Company that if they are elected as members of the Board of Directors, they will elect Mr. Pekka Ala-Pietilä as the Chairman of the Board of Directors and Mr. Jukka Suominen as the Vice-Chairman of the Board of Directors.

Remuneration and expense compensation of the members of the Board of Directors
The Nomination Committee of the Board of Directors proposes that the annual remuneration to the members of the Board of Directors would 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 Nomination Committee of the Board of Directors proposes that the meeting fees would 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 of the Board members would be compensated in accordance with the Company policy.

Proposals of the Board of Directors and the Audit Committee to the Annual General Meeting of Shareholders have been published on February 11, 2016.

The notice to convene the Annual General Meeting is planned to be published on the Company's website on March 23, 2016. 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 at www.huhtamaki.com.