Extraordinary Shareholders' Meeting on October 10, 2001

Huhtamäki Oyj: Extraordinary Shareholders' Meeting on October 10, 2001 The Board of Directors of Huhtamäki Oyj summons an extraordinary shareholders' meeting to decide on the lowering of the company's share capital and on related amendments to the company's Articles of Association. The meeting will be held on October 10, 2001. The Board's proposals are associated with the company's share repurchases and the termination of a shareholders' agreement between the Finnish Cultural Foundation and the Stichting Van Leer Group Foundation, following the latter Foundation's sale of its 4.6 million Huhtamaki shares to a Dutch subsidiary of Huhtamäki Oyj. According to the Board's proposal, the company's share capital will be lowered by EUR 20.98 million to EUR 86.03 million through invalidating a total of 6,172,015 company shares held by the company and its wholly- owned subsidiary. A corresponding amount would be transferred to the premium fund, whereby the restricted equity of the company will not change. The minimum share capital, as expressed in Article 3 of the Articles of Association, would be lowered to EUR 80 million. The company's Board of Directors would consist of a minimum of six and a maximum of nine members. The right of the Finnish Cultural Foundation and Stichting Van Leer Group Foundation to nominate one or two Board members each will be removed, following the termination of a mutual shareholders' agreement. A person aged 65 years or older cannot be elected to the Board. The Board would elect a Chairman and one Deputy Chairman instead of two. According to the proposal, the Board would appoint an appropriate number of senior company executives to form its Executive Committee, instead of the presently stipulated six members. Furthermore, the Board proposes to delete Article 12, which requires a qualified majority of 3/4 of the votes cast for the amendment of Articles 2, 4 and 12. Enquiries: Juha Salonen, Group General Counsel, Tel. +358-9-6868 8380 Huhtamäki Oyj Juha Salonen Markku Pietinen Group General Counsel Group VP IR & Communications ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/17/20010917BIT00220/bit0001.doc http://www.waymaker.net/bitonline/2001/09/17/20010917BIT00220/bit0001.pdf