Panostaja Oyj

Board/Management Information • Nov 28, 2012

Disclosure 303295

Panostaja Oyj - Changes board/management/auditors

CHANGES IN PANOSTAJA OYJ’S SENIOR MANAGEMENT TEAM

Panostaja Oyj Stock Exchange Bulletin, November 28, 2012, 4:00 pm CHANGES IN PANOSTAJA OYJ'S SENIOR MANAGEMENT TEAM Panostaja Oyj's Development Director, Heikki Nuutila M.Soc.Sc, will move on to other duties from January 1, 2013. Nuutila will continue as a board member of some of the business areas of the Panostaja Group. Minna Telanne Lic.Sc. (Admin.) (48) will take over as new Development Director and a member of the Senior Management Team on January 14, 2013. She has previously served as Business Director at Leading Partners Oy, Human Resources Director at OpusCapita Oy and Consultant and Profit Centre Manager of MPS Finland Consulting Oy, amongst other positions. “We thank Heikki for his open-minded and progressive development of Panostaja's management system, and we wish him every success in the future. Minna's experience in implementing change and developing management and human resources is also highly suitable for our operating practice as added ownership value for the companies we own,” says CEO Juha Sarsama. 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