CALL TO A GENERAL SHAREHOLDERS MEETING Panostaja Oyj's Annual General Meeting is due to be held on Monday 26th January 2009 at 10 am. at Restaurant Famica Tuotekatu 4, 33840 Tampere. ISSUES COVERED AT THE GENERAL MEETING The General Meeting will cover standard Annual General Meeting issues as outlined in Article 9 of the Articles of Association and the proposal of the Board to authorise the Board to decide on buying back own shares. PROPOSAL CONCERNING DIVIDEND The Board of Directors proposes to the Annual General Meeting that a dividend of 0,12 Euros per share would be paid from the financial year ended 31.10.2008 Those included in the Shareholder Register kept by Finnish Central Securities Depository Ltd. on the dividend record date 29.1.2009 are entitled to receive dividends. Dividends will be paid out as from 5th February 2009. PROPOSALS CONCERNING THE BOARD MEMBERS AND AUDITORS The shareholders, who represent at least 10 % of the total votes in the Company have informed the Board, that they will propose that current Board members Matti Koskenkorva, Jukka Ala-Mello, Hannu Martikainen, Hannu Ketola and Hannu Tarkkonen to be appointed for the term of office to continue until after the next AGM. The Board proposes to the AGM that PricewaterhouseCoopers Oy Authorized Public Accountants with Janne Rajalahti, APA, as responsible auditor, and Eero Suomela, APA, to be appointed auditors for the term of office to continue until after the next AGM. AUTHORISING THE BOARD TO DECIDE ON BUYING BACK OWN SHARES The Board proposes that the Board is authorised to decide on buying back own shares in one or more lots as follows: The decision(s) to buy back own shares must be limited to 4.740.311 shares or to an smaller amount of shares, that together with the own shares owned by or pledged to the Company or its subsidiaries, is one tenth of all the shares in the Company, i.e. 4.740.311 shares. The shares will be bought in disproportion to shareholdings in public trading organised by the NASDAQ OMX Helsinki Ltd. at their current price in public trading at the time of purchase. The Purchases will be executed in accordance to the rules of NASDAQ OMX Helsinki Ltd. and Finnish Central Securities Depository Ltd. Authorisation is valid for 18 months of the AGM's authorisation decision. Authorisation revokes the authorisation of the Board to decide on buying back own shares given by previous AGM. RIGHT TO PARTICIPATE AND NOTICE OF PARTICIPATION Participation in the Annual General Meeting is open to shareholders whose names appear on the Shareholder Register kept by Finnish Central Securities Depository Ltd. no later than 16th of January 2009. Shareholders whose shares have been entered into their book-entry account are also registered in the company Shareholder Register. Shareholders registered under nominees can be notified to the Shareholder Register no later than 10 days prior to the AGM for temporary registration into the Shareholder Register allowing participation in the meeting. Entry into the Shareholder Register must be made no later than 16th of January 2009. Shareholders wishing to attend the Annual General Meeting are required to notify the company of their attendance in advance, no later than 12 noon EET on Friday 23rd January 2009, in writing to Ms. Sari Tapiola/Panostaja Oyj, P.O. Box 783, FI-33101 Tampere, Finland, by fax to +358 (0)10 2173 232, by e-mail to sari.tapiola@panostaja.fi or by phoning Ms. Sari Tapiola on +358 (0)10 2173 211. Written notifications must arrive prior to expiration of the registration period. It is requested that any possible proxies be delivered at the same time as registration. The financial statements and the proposals by the Board of Directors with annexes will be made available for inspection by shareholders one week prior to the meeting at Panostaja Oyj's head office at Postitorvenkatu 16, 33840 Tampere. In addition copies of the documents presented in AGM will be made available in www.panostaja.fi on 5th of January 2009. Copies of these documents will be sent to shareholders on request. Tampere, 5th January 2009 PANOSTAJA OYJ, BOARD OF DIRECTORS