Polyhedral norms and smooth Hahn-Banach extension

We find a necessary and sufficient condition for a smooth functional on a subspace to admit a norm-preserving smooth extension to the entire space in polyhedral norms. The characterization is geometric: such an extension exists if and only if the unique absolute norm-attaining point of the smooth functional is an extreme point of both the unit ball of the subspace and that of the ambient space. We show by example that such a result is not true in non-polyhedral norms, even under sufficiently strong hypothesis. Extremity of the norm preserving restrictions of extreme functionals are also discussed.