Panostaja Oyj Stock Exchange Bulletin, 6th February 2007 NEW MANAGING DIRECTOR FOR VALLOG OY Mr. Kimmo Alho, MSc (Technology), Managing Director at Panostaja Oyj subsidiary Vallog Oy, has resigned from his position. Vallog Oy's Board of Directors would like to thank Mr. Alho for his significant input in developing the company. Vallog Oy's Board has, on 5th February 2007, invited Board member Mr. Kyösti Enqvist to take over as Managing Director in a temporary capacity. At the same time, the Board has started preparations to appoint a new Managing Director. Panostaja Oyj Olli Halmevuo CEO Further information: Mr. Olli Halmevuo, CEO, Panostaja Oyj, tel. +358 (0)3 263 4300 Mr. Kyösti Enqvist, Member of the Board of Directors, Vallog Oy, mobile +358 (0)400 482 594