Panostaja Oyj

Transaction in Own Shares • Sep 8, 2011

PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE COMPANY

PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE COMPANY

Panostaja Oyj Stock Exchange Bulletin, 8th September
2011, 12:30 p.m.

PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE
COMPANY

With reference to Board meeting fees, Panostaja Oyj's AGM decided on 27th
January 2011 that about 40% of the fee paid to a board member should be paid in
accordance with the share issue authorisation given to the Board by
transferring company shares to each Board member unless a Board member should
already own more than one per cent of the total share capital on the date of
the AGM. If a Board member's holding in the company on the date of the AGM
should exceed one per cent of the total share capital, the fee shall be paid
fully in cash. Panostaja Oyj's Board also decided at its organisational meeting
held upon completion of the AGM to implement the AGM decision concerning Board
member fees paid as shares in such a way that shares are transferred on a
quarterly basis on the date following publication of the quarterly/annual
report.

According to decisions taken at the AGM and by the Board, Panostaja Oyj today
transferred to Board members a total of 11,005 shares as part of their Board
meeting fees as follows:

A total of 3,669 shares were transferred to the chairman of the Board Jukka
Ala-Mello. As a result of the transfer, his holdings in Panostaja Oyj and other
instruments issued by Panostaja Oyj amount to 65,897 shares.

A total of 1,834 shares were transferred to Board member Hannu Martikainen. As
a result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 54,244 shares.

A total of 1,834 shares were transferred to Board member Hannu Tarkkonen. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 49,244 shares.

A total of 1,834 shares were transferred to Board member Satu Eskelinen. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 10,120 shares.

A total of 1,834 shares were transferred to Board member Eero Eriksson. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 5,048 shares.

Fees for Board member Mikko Koskenkorva have been paid fully in cash, as Mikko
Koskenkorva's holding on the date of the AGM exceeded the one per cent limit
set by the AGM. Mikko Koskenkorva's holdings in Panostaja Oyj and other
instruments issued by Panostaja Oyj amount to 1,245,139 shares.

As a result of the transfer, the company holds a total of 601,875 shares.

PANOSTAJA OYJ, BOARD OF DIRECTORS

Juha Sarsama

CEO

For further information, please contact Juha Sarsama +358 40 774 2099