Panostaja Oyj

Pre-Annual General Meeting Information • Dec 19, 2013

Disclosure 311498

Panostaja Oyj - Company Announcement

PROPOSAL REGARDING THE BOARD OF DIRECTORS RELATED ISSUES FOR THE ANNUAL GENERAL MEETING OF PANOSTAJA OYJ OF 29 JANUARY 2014

Panostaja Oyj Stock Exchange Release 19 December 2013 10.00 a.m. PROPOSAL ON THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS Shareholders, who represent more than 10% of the shares and votes in the company, have notified the board of directors that they will propose to the annual general meeting that the following annual remuneration be paid to the members of the board of directors to be elected for a term of office commencing at the end of the annual general meeting and expiring at the end of the annual general meeting 2015: the chairman of the board of directors EUR 40,000, and the other members of the board of directors EUR 20,000 each. Shareholders, who represent more than 10% of the shares and votes in the company, have further notified the board of directors that they will propose to the annual general meeting that approximately 40% of the remuneration be paid in shares of the company based on the share issue authorization given to the board of directors by the annual general meeting, provided that a member of the board of directors does not, on the date of the annual general meeting, own more than one per cent (1%) of the shares in the company. If the ownership of a member of the board of directors at the date of the annual general meeting exceeds one per cent (1%) of the company's shares, the remuneration to such board member shall be paid entirely in cash. Shareholders, who represent more than 10% of the shares and votes in the company, have further notified the board of directors that they will propose to the annual general meeting that the travel expenses of the members of the board of directors be compensated in accordance with the rules of maximum amount of tax-exempt compensation as ratified by the national board of taxation from time to time. PROPOSAL ON THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS Shareholders, who represent more than 10% of the shares and votes in the company, have notified the board of directors that they will propose to the annual general meeting that the number of the members of the board of directors shall be six (6). PROPOSAL ON THE MEMBERS OF THE BOARD OF DIRECTORS Shareholders, who represent more than 10% of the shares and votes in the company, have notified the board of directors that they will propose to the annual general meeting that the following individuals be re-elected as members of the board of directors for a term of office commencing at the end of the annual general meeting and expiring at the end of the annual general meeting 2015: Jukka Ala-Mello Eero Eriksson Mikko Koskenkorva Jukka Terhonen, and Antero (Antti) Virtanen and that the following individual shall be elected as a new member of the board of directors for the same term of office: Hannu Tarkkonen. Panostaja Oyj board of directors Additional information: Juha Sarsama, CEO, Panostaja Oyj +358 40 774 2099