Panostaja Oyj — M&A Activity 2008

May 5, 2008

Disclosure 258488

Panostaja Oyj - Tender offer

PANOSTAJA HAS ACQUIRED THE ENTIRE STOCK OF KOPIJYVÄ OY

Panostaja Oyj Stock Exchange Release, May 5, 2008, 15.50 PANOSTAJA HAS ACQUIRED THE ENTIRE STOCK OF KOPIJYVÄ OY As of today, Panostaja Oyj has acquired the entire stock of Kopijyvä Oy in accordance with the agreement published on April 29, 2008. The Kopijyvä Group will be included in the financial statements of the Panostaja Group starting May 1, 2008. Panostaja Oyj Juha Sarsama Chief Executive Officer This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin May 2, 2008. Additional information: Juha Sarsama, Chief Executive Officer, +358 40 774 2099 Panostaja Oyj is a public limited company focusing on investment activities. The Group invests in Finnish small and medium-sized enterprises operating in traditional industries. Investments are primarily 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 according to a pre-determined schedule. Once this schedule has elapsed, the enterprise will continue to operate as an independent growth company. The Panostaja Group's net sales in the fiscal period 2007 amounted to Euro 90,8 Million. The Group operates in thirteen different business areas.