Panostaja Oyj Stock Exchange Bulletin 11.7.2008 10.30 am PANOSTAJA OYJ'S HOLDING IN TAKOMA OYJ FALLS TO 65.21 % The return of capital (‘Equity Rebate') in the form of Takoma Oyj shares and cash decided at Panostaja Oyj's extraordinary general meeting on 9 June has been put into effect. The Takoma shares received as return of capital were entered in the Panostaja shareholders' book-entry accounts on 26 June 2008. A total of 2,289,127 Takoma Oyj shares were distributed under the decision to 798 Panostaja shareholders and EUR 112,231.59 was paid out in cash. Altogether 1,166 Takoma shares were sold in the sale of shares held in conjunction with the return of capital, fetching a total of EUR 1, 935.56. The move means that Panostaja Oyj's holding in Takoma Oyj has fallen to 65.21% of the shares and votes. Kimmo Korhonen, the company's CEO, continues to own 17% of the shares. Following the return of capital, 17.79% of the shares and votes will be publicly owned. On 3 July 2008 the company had a total of 1,009 shareholders. FOR THE BOARD OF DIRECTORS OF PANOSTAJA OYJ Juha Sarsama CEO Further information is available from: Juha Sarsama, CEO, on (tel.) 040 774 2099 Panostaja Oyj invests in Finnish small and medium-sized enterprises operating in traditional industries. The long-term objective is to raise the status of the target company to become a major player in its field. The Group at present operates in 13 business areas. Turnover for the Panostaja Group in the financial year 2007 was EUR 90.8 million.