Panostaja Oyj Stock Exchange Bulletin, 14th May 2007 PROSPECTUS ON PANOSTAJA'S 2006 CONVERTIBLE SUBORDINATED LOAN The prospectus on the Panostaja's 2006 Convertible Subordinated loan has been approved by the Financial Supervision and it will be available on the internet pages of Panostaja (www.panostaja.fi) as well as at the Company on Tuesday 15 2007, and at the Helsinki Stock Exchange Service Point OMX way on Wednesday 16 May 2007. PANOSTAJA OYJ Olli Halmevuo CEO For further information, please contact: CEO Olli Halmevuo, tel. +358 (0)3 263 4300, mob. +358 40 545 3767