Huhtamaki expects to continue share buyback program

Huhtamaki expects to continue share buyback program Huhtamäki Oyj has completed its first share buyback program, based on an authorization from the company's AGM to the Board of Directors. Under the program, which was launched in April 2001, the company has acquired from the market a total of 1,573,798 Huhtamaki shares, in total 5% of the shares in issue. Huhtamäki Oyj paid an average of EUR 30.44 per share for the acquired shares and spent a total of EUR 47.9 million in the program. In its next meeting in early September, the company´s Board of Directors will discuss a proposal to summon an extraordinary shareholders' meeting before the end of September, in order to invalidate the acquired shares by lowering the share capital of the company, and to launch a new share buyback program. Enquiries: Communications Manager Mika Nykänen Tel. +358-9-6868 8362 HUHTAMÄKI OYJ Timo Salonen Juha Salonen Chief Financial Officer Group General Counsel ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/21/20010821BIT00040/bit0001.doc http://www.waymaker.net/bitonline/2001/08/21/20010821BIT00040/bit0001.pdf