PANOSTAJA OYJ Stock Exchange Bulletin 30th May 2007 PANOSTAJA OYJ TO LAUNCH A TAKEOVER BID FOR ALL SHARES IN SUOMEN HELASTO OYJ Following an exchange of shares carried out on 30th May 2007, Panostaja Oyj (hereinafter referred to as ‘Panostaja') now owns 68.77% of shares in Suomen Helasto Oyj (hereinafter referred to as ‘Suomen Helasto'). As part of the share exchange, Panostaja provided five Panostaja B shares in exchange for every six Suomen Helasto shares and any remaining fractions of one share will be paid in cash to Suomen Helasto's shareholders using the closing price for Panostaja B shares as of 29th May 2007 as the basis for calculation. As a result of the share exchange, Panostaja now holds 68.77% of both the share capital and the voting power in Suomen Helasto. Panostaja has thus incurred an obligation under the Securities Markets Act Chapter 6 section 10 to launch a takeover bid to other shareholders in Suomen Helasto. The period of the takeover bid is expected to start at 9.30am EET on 3rd July 2007 and end at 4.00pm EET on 6th August 2007 (dates/times to be confirmed). The company making the offer reserves the right to extend or suspend the bid period according to the terms of the takeover bid. The offer document and the full terms of the takeover bid are expected to be published on or around 29th June 2007. As part of the takeover bid, Panostaja offers an exchange of shares, where six Suomen Helasto shares will be exchanged for five Panostaja B shares and a cash consideration for any remaining fractions of one share as specified above. As an alternative to the share exchange, Panostaja offers a full cash consideration to the value of €1.27 per share. The closing prices for Panostaja's B share and Suomen Helasto's share on 29th May 2007 were €1.52 and €1.19 respectively. The cash consideration offered for Suomen Helasto's shares is about 6.7% higher than the company's closing price as of 29th May 2007 and 7.0% higher than the volume-weighted average share price over six months on the Helsinki Stock Exchange. The total value of the takeover bid amounts to about €5.2 million. The consideration offered by Panostaja in this takeover bid is based on the amount of Panostaja's consideration to shareholders in Suomen Helasto in the above-mentioned share exchange dated today, which is equivalent to the highest consideration given by Panostaja in exchange for the securities referred to in the bid over a period of six months preceding the obligation to launch the bid. According to Panostaja's estimate, implementation of the bid will not entail permission from competition or any other authorities. The company intends to finance the exchange or purchase of shares from cash reserves. Panostaja will implement the share exchange by issuing a private placement to those Suomen Helasto shareholders who are willing to transfer their shares to Panostaja according to the terms of the takeover bid. As a result of the Annual General Meeting held on 15th December 2006, Panostaja's Board of Directors is authorised to decide on such placements. The other main terms of the bid will be published in a specific Stock Exchange Bulletin expected to be released on or around 7th June 2007. PANOSTAJA OYJ Board of Directors For further information, please contact Mr. Olli Halmevuo, CEO, Panostaja Oyj, tel. +358 (0)3 263 4300 or mobile +358 (0)40 545 3767. DISTRIBUTION Helsinki Stock Exchange Finnish Financial Supervision Authority Key media Panostaja and Helasto staff THE TAKEOVER BID IS NOT OFFERED DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE TO DO SO WOULD BE CONTRARY TO LAW AND THIS RELEASE MUST NOT BE DISSEMINATED OR COMMUNICATED IN ANY WAY, INCLUDING BUT NOT LIMITED TO MAIL, FAX, TELEX, TELEPHONE, E-MAIL OR INTERNET COMMUNICATIONS, TO OR FROM ANY JURISDICTIONS WHERE IT WOULD BE ILLEGAL.