Panostaja Oyj Stock Exchange Bulletin, 29th May 2008 12:00 PANOSTAJA-OWNED MATTI-OVI GROUP TO STREAMLINE OPERATIONS Matti-Ovi Group is to concentrate its production operations in Laitila. The company's plant located in Polvijärvi will be closed down. The restructuring will enable the Group to streamline operations and strengthen its position on the market. As part of the restructuring effort, the Group will further develop its logistics and subcontracting functions. It is expected that closure of the Polvijärvi plant will lead to 12 employees having their contracts terminated. Panostaja Oyj Juha Sarsama CEO Further information: Mr. Tapani Harjunen, Managing Director of Matti-Ovi Oy, mobile +358 (0)400 573 990 and Mr. Juha Sarsama, CEO of Panostaja Oyj, mobile +358 (0)40 774 2099.