Panostaja Oyj Stock Exchange Bulletin 29th June 2007 PANOSTAJA TO LAUNCH A SHARE BUY-BACK PROGRAMME On 15th December 2006, Panostaja Oyj's Annual General Meeting authorised the Board of Directors to decide on launching a programme to buy back its own shares. The Board has decided that the company start repurchasing its own shares no earlier than 5th July 2007. The maximum volumes to be acquired are 1,725,659 Class A shares and 1,247,797 Class B shares. The company will acquire its own shares in order to have them available to offer as part of possible business acquisitions or other restructuring measures or when purchasing assets as part of its business operations, to develop its capital structure, to cancel shares, or to implement an incentive scheme for key personnel. Due to the low average trading liquidity of the company's shares, the Board further decided, as per Clause 3.2.5 of the Helsinki Stock Exchange Guidelines governing the acquisition of own shares, to deviate from the procedures referred to in Clauses 3.2.1-3.2.2 of the Guidelines as detailed here. The company aims to carry out the acquisition of its own shares within six months of launching the acquisition, thus seeking to ensure trading liquidity during the buy-back programme. Acquisition of the company's own shares on these terms may lead to a situation where the volume being acquired exceeds half (50%) of the average daily trading volume, but even in such cases, the deviation must not result in any exceptional market movements, nor may the volume being acquired on that particular trading day exceed 5% of total volumes being acquired (i.e. 86,282 Class A shares and 62,389 Class B shares). This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin June 28, 2007. Panostaja Oyj Board of Directors Further information: Mr. Olli Halmevuo, CEO, tel. +358 (0)3 263 4300 or mobile +358 (0)40 545 3767.
RELEASED IN FINNISH (28.06.2007) PANOSTAJA TO LAUNCH A SHARE BUY-BACK PROGRAMME
| Source: Panostaja Oyj