Panostaja Oyj Stock Exchange Bulletin, 3rd October 2007 PANOSTAJA OYJ SUPPLEMENTS PREVIOUSLY ISSUED BULLETINS CONCERNING RESTRUCTURING OF SUOMEN HELASTO OYJ 1. Acquisition of operating companies The purchase price payable by Panostaja Oyj for Suomen Helasto Oyj's operating subsidiaries would total EUR 16.5 million. As part of the transaction, the subsidiaries being acquired would pay off all loans received from Suomen Helasto Oyj. In addition, Panostaja Oyj would be responsible for due settlement of Suomen Helasto Oyj's remaining net debt, amounting to about EUR 0.9 million. 2. Acquisition of the Tampereen Laatukoneistus Oy business The purchase price payable for the business of Tampereen Laatukoneistus Oy would amount to EUR 3.7 million. Tampereen Laatukoneistus manufactures individually designed hydraulic cylinders for the shipbuilding, lifting, wood processing, mining, metals and transportation industries, among others. It has a strong position in Finland as a supplier of large hydraulic cylinders. The company's net turnover for the financial year to 30th April 2007 amounted to some EUR 6 million. The company's net turnover and operating profit for the financial years to 30th April 2007 and 30th April 2006 were as follows (FAS): -------------------------------------------------------------------------------- | (EUR 1,000) | | | -------------------------------------------------------------------------------- | | 01/05/2006-30/04/2007 | 01/05/2005-30/04/2006 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net turnover | 5,804 | 5,559 | -------------------------------------------------------------------------------- | Operating profit | 719 | 750 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Company balance sheet: | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | (EUR 1,000) | 30/04/2007 | 30/04/2006 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | 1,050 | 1,099 | -------------------------------------------------------------------------------- | Stocks | 1,435 | 1,385 | -------------------------------------------------------------------------------- | Debtors and financial | 1,199 | 1,260 | | assets | | | -------------------------------------------------------------------------------- | Total | 3,684 | 3,744 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Capital and reserves | 2,022 | 1,649 | -------------------------------------------------------------------------------- | Creditors | 1,662 | 2,095 | -------------------------------------------------------------------------------- | Total | 3,684 | 3,744 | -------------------------------------------------------------------------------- Assets outside the ordinary course of business, including the premises owned by the company, will remain with the company as part of the business transaction. 3. Acquisition of Hervannan Koneistus Oy In the share exchange proposed by Suomen Helasto Oyj's Board of Directors, the capital contribution of shares in Hervannan Koneistus Oy would amount to about EUR 3.4 million. Hervannan Koneistus Oy specialises in machining of demanding workpieces. Hervannan Koneistus Oy's projected net turnover for the financial period ending 30th September will be about EUR 11 million. The company's net turnover and operating profit for the financial periods from 1st July 2005 to 30th September 2006 and from 1st January 2004 to 30th June 2005 were as follows (FAS): -------------------------------------------------------------------------------- | (EUR 1,000) | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | | 01/07/2005-30/09/2006 | 01/01/2004-30/06/2005 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net turnover | 12,031 | 6,122 | -------------------------------------------------------------------------------- | Operating profit | 1,588 | 412 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Company balance sheet: | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | (EUR 1,000) | 30/09/2006 | 30/06/2005 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | 3,973 | 3,620 | -------------------------------------------------------------------------------- | Stocks | 1,154 | 765 | -------------------------------------------------------------------------------- | Debtors and financial | 1,301 | 1,335 | | assets | | | -------------------------------------------------------------------------------- | Total | 6,428 | 5,720 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Capital and reserves | 1,182 | 522 | -------------------------------------------------------------------------------- | Creditors | 5,246 | 5,198 | -------------------------------------------------------------------------------- | Total | 6,428 | 5,720 | -------------------------------------------------------------------------------- Hervannan Koneistus Oy purchased its business on 2nd October 2004. Tampere, 27th September 2007 PANOSTAJA OYJ Juha Sarsama CEO This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin September 27,2007 For further information, please contact Mr. Juha Sarsama, mobile +358 (0)40 774 2099.
PANOSTAJA OYJ SUPPLEMENTS PREVIOUSLY ISSUED BULLETINS CONCERNING RESTRUCTURING OF SUOMEN HELASTO OYJ
| Source: Panostaja Oyj