Huhtamäki Oyj announced the final results of the invitation to the holders of the EUR 150,000,000 1.625% senior unsecured notes with the maturity date of October 4, 2024 issued by Huhtamaki on October 4, 2017 (Notes), to tender their Notes for cash on the terms and conditions set out in the tender offer memorandum dated 13 November, 2023 (the "Tender Offer Memorandum") (the "Tender Offer"). Capitalised terms used in this release but not defined have the meanings given to them in the Tender Offer Memorandum. Valid tender instructions of EUR 61,153,000 in aggregate nominal amount of Notes were received pursuant to the Tender Offer.

Huhtamaki announces that it will accept for purchase EUR 50,316,000 in aggregate nominal amount of the Notes (the "Final Acceptance Amount") pursuant to the Tender Offer. Accordingly, valid tenders will be subject to a proration factor of 80.2%, rounded down to the nearest EUR 1,000.00 in accordance with the process described in the Tender Offer Memorandum. Huhtamaki also announces that the New Issue Condition defined in the Tender Offer Memorandum has been fulfilled.

The Purchase Price for the Notes is EUR 979.5 per EUR 1,000.00 in nominal amount of the Notes. In addition, Huhtamaki will pay accrued and unpaid interest on Notes accepted for purchase in the Tender Offer. The Settlement Date of the Tender Offer is expected to be 24 November, 2023.

All Notes purchased by Huhtamaki will be nullified. Notes not tendered pursuant to the Tender Offer will remain outstanding. Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) act as dealer managers for the Tender Offer and Nordea Bank Abp acts as tender agent for the Tender Offer.