Huhtamäki Oyj's New Performance Share Incentive Plan

Espoo, Finland, Feb 14, 2008 - (ABN Newswire) - HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 14.2.2008 at 8:35

The Board of Directors of Huhtamäki Oyj has decided on a new performance share incentive plan to form a part of the incentive and commitment program for the key personnel of the company and its subsidiaries.

The performance share incentive plan offers a possibility to earn the company's shares as remuneration for achieving targets established for the earnings criteria. The plan includes three earnings periods which are calendar years 2008, 2009 and 2010. A possible remuneration shall be paid during the calendar year following each earnings period. The aggregate maximum of 720,000 shares and a cash payment equivalent to taxes arising from the reward to the key personnel may be granted under the plan. As the cash proportion of the reward shall, however, be paid an amount equivalent to the value of the distributable shares at the maximum. The plan requires a receiver to own the shares at least two years following the grant. A receiver must also after the restriction period continue to own the shares at least in an amount equivalent to the value of 50% of his/her annual gross salary, for a period lasting until the end of the employment or service.

The remuneration from the plan for the earnings period 2008 will be based on the Group's key figures Earnings per Share (EPS) and Return on Investment (ROI). The potential remuneration from the earnings period 2008 will be paid in 2009.

Upon establishment, the plan is directed to approximately 20 persons.

Enquiries: Mr. Timo Salonen, CEO, Tel. +358(0)10 686 7880

HUHTAMÄKI OYJ Group Communications

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Huhtamäki Oyj

http://www.huhtamaki.com

ISIN: FI0009000459

Stock Identifier: XHEL.HUH