Transfer of Huhtamäki Oyj's own treasury shares

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 28.3.2023 AT 8:45 EEST

Transfer of Huhtamäki Oyj's own treasury shares

A total of 173,505 of Huhtamäki Oyj's own treasury shares have been transferred without consideration to the Company's key personnel participating in the Performance Share Plan 2020–2022 and Restricted Share Plan 2021–2023.

The directed issue is based on the authorization given by the Company's Annual General Meeting of 2022 and the subsequent decision by the Company's Board of Directors.

After the transfer, Huhtamäki Oyj holds a total of 3,222,204 own treasury shares (2.99% of all shares).

For further information, please contact:

Sami Pauni, Executive Vice President, Corporate Affairs and Legal, Group General Counsel, tel. +358 (0)10 686 7872

HUHTAMÄKI OYJ

About Huhtamaki

Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. Our innovative products protect on-the-go and on-the-shelf food and beverages, and personal care products, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030. Our blueloop^TM sustainable packaging solutions are world-leading and designed for circularity.

We are a participant in the UN Global Compact, Huhtamaki is rated ‘A’ on the MSCI ESG Ratings assessment and EcoVadis has awarded Huhtamaki with the Gold medal for performance in sustainability. To play our part in managing climate change, we have set science-based targets that have been approved and validated by the Science-Based Targets initiative.

With 100 years of history and a strong Nordic heritage we operate in 37 countries and 116 operating locations around the world. Our values Care Dare Deliver guide our decisions and help our team of around 19 000 employees make a difference where it matters. Our 2022 net sales totalled EUR 4.5 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more about how we are protecting food, people and the planet at www.huhtamaki.com.