Panostaja Oyj — M&A Activity 2007

Jul 31, 2007

Disclosure 230989

Panostaja Oyj - Company Announcement

SUPPLEMENT TO PANOSTAJA´S TAKEOVER BID CONCERNING THE SHARES OF SUOMEN HELASTO

Panostaja Oyj Stock Exchange Bulletin, July 31, 2007 SUPPLEMENT TO PANOSTAJA'S TAKEOVER BID CONCERNING THE SHARES OF SUOMEN HELASTO Panostaja Oyj has received a statement from Suomen Helasto Oyj's Board of Directors with regard to Panostaja's public exchange offer. Panostaja is including this statement as a supplement to the bidding document. The supplement shall entitle investors to cancel their approval of the takeover bid within the next 2 (two) banking days following their respective approvals. This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin July 30, 2007. Panostaja Oyj The Board of Directors Further information: Olli Halmevuo, Chief Executive Officer, Panostaja Oyj, +358 3 263 4300 or +358 40 545 3767 Panostaja Oyj is a multi-sector holding company. The company invests in Finnish small and medium-sized enterprises operating in traditional industries. Investments are mostly carried out through acquisitions. Panostaja Group invests business resources and strategic know-how in companies. The objective is to raise the target company to become a major player in its field, at which point the enterprise will continue to operate as an independent growth company. Panostaja Group's net turnover for the 2005/2006 financial year was EUR 57.8 million. The Group operates in twelve business areas.