Panostaja Oyj Stock Exchange Bulletin, 4th January 2007 NOTIFICATION OF THE REPAYMENT OF PANOSTAJA OYJ'S CONVERTIBLE SUBORDINATED LOAN FROM 2004 Panostaja Oyj has today notified the holders of loan notes for its convertible subordinated loan from 2004 that the company will use its right as per the terms of the loan to repay the loan principle prior to maturity at nominal value. This is possible as the volume weighted average price of Panostaja Oyj's class B shares on the Helsinki Stock Exchange has exceeded the trading price determined in the terms of the loan on 20 out of 30 consecutive trading days by more than 100% since 2nd January 2006. The loan notes will be repaid on 5th February 2007 with interest accrued up until the repayment date. No interest will accrue on the loan principle for the period after the repayment date. Instead of receiving a repayment, holders of loan notes have the right to convert their notes into shares as per point 10 of the terms of the loan. Should a holder of loan notes wish to exercise his/her right of conversion instead of the repayment option specified here, he/she must demand conversion of loan notes into shares no later than 14 days before the aforementioned repayment date. Panostaja Oyj's outstanding convertible subordinated loan from 2004 amounts to 2,370,200 euros with annual interest standing at 6.5%. Should all loan note holders decide to convert their notes into shares, Panostaja Oyj's share capital will increase by 406,320 euros and the number of class B shares by 3,386,000 new shares. Panostaja Oyj Olli Halmevuo CEO For further information, please contact Mr. Olli Halmevuo, CEO, tel. +358 (0)3 263 4300.
NOTIFICATION OF THE REPAYMENT OF PANOSTAJA OYJ'S CONVERTIBLE SUBORDINATED LOAN
| Source: Panostaja Oyj