Panostaja Oyj

Board/Management Information • Nov 12, 2012

Disclosure 302996

Panostaja Oyj - Company Announcement

NEW APPOINTMENT AT PANOSTAJA OYJ – JUHA KIVINEN BECOMES MANAGING DIRECTOR AT KL-VARAOSAT OY

Panostaja Oyj Stock Exchange Bulletin, November 12, 2012, 10:00 am NEW APPOINTMENT AT PANOSTAJA OYJ - JUHA KIVINEN BECOMES MANAGING DIRECTOR AT KL-VARAOSAT OY M.Sc.(Econ.) Juha Kivinen (48) has been invited to become Managing Director of KL-Varaosat Oy, which is part of the Panostaja Group. Kivinen has previously served as Managing Director of Motoral Oy. Kivinen will assume his duties as Managing Director no later than February 4, 2013. Jarkko Iso-Eskeli, the present Managing Director of KL-Varaosat Oy, continues in his position until Juha Kivinen, the becoming Managing Director of KL-Varaosat, will begin. After that Jarkko Iso-Eskeli will not continue in the service of the Group. KL-Varaosat Oy specializes in the import, wholesale and distribution of original spare parts for Mercedes-Benz and BMW cars and their resale to companies in the field and private individuals. The company also operates a successful online shop, with its head office located in Tampere. Panostaja Oyj Juha Sarsama CEO Further information: CEO Juha Sarsama Panostaja Oyj 040 774 2099 Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. The Panostaja Group employs approximately 1,200 people. Panostaja's shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange. In the 2011 financial year, the Group's net sales totaled MEUR 163.2. www.panostaja.fi