PANOSTAJA EXPANDS ITS BUSINESS INTO ORAL HEALTH CARE BY ACQUIRING 75% OF THE SHARES IN MEGAKLINIKKA AND ALSO ADJUSTS ITS RESULT MANAGEMENT

Panostaja Oyj                       Stock Exchange Bulletin February 27, 2015                                 11.00 a.m.

PANOSTAJA EXPANDS ITS BUSINESS INTO ORAL HEALTH CARE BY ACQUIRING 75% OF THE SHARES IN MEGAKLINIKKA AND ALSO ADJUSTS ITS RESULT MANAGEMENT

Panostaja Oyj has today signed an agreement for the purchase of shares in Megaklinikka Oy, which offers oral health care services. The intention is to make the transaction binding on the parties within two weeks. In the transaction, Panostaja will buy a 75% share of the company. As a result of the transaction, Panostaja expands its business operations and establishes within the Group a new business area specializing in oral health care.

Founded in 2010, Megaklinikka Oy is a company providing oral health care services. The company is a dental clinic offering a completely new kind of service concept. Its operations are based on a customer-centered approach in which the customer is offered all dental care services in one visit, with top quality and without having to queue. This customer-centered approach is also supported by Megaklinikka’s efficient IT system including an appointment booking system, the development of which has been invested in since the establishment of the company. The company’s head office is located in Helsinki. In 2014, Megaklinikka had net sales of MEUR 5.5 and it employs about 90 staff.

The value of the company’s entire 100% share capital is some MEUR 2.9, of which Panostaja's share is 75%. The sellers also have the opportunity for an additional purchase price of up to MEUR 1.0, which will be set based on the operating margin for the 2015 and 2016 calendar years.

Megaklinikka’s key personnel will continue as minority shareholders with a 25% stake in the company. Panostaja’s aim is to build Megaklinikka into a company that revolutionizes practices in the sector, and to expand business both in Finland and internationally.

 ”In the oral health care sector, there is a need to provide services that are genuinely more customer-centered than before. Megaklinikka’s service model offers a solution to this. Megaklinikka has rapidly grown into a significant and renowned player in the capital region and has good prospects for growth. We are also convinced about the effectiveness and duplicability of this revolutionary business concept both at home and abroad. It is interesting to get involved in a consumer business with a completely new kind of service model,” says Panostaja CEO Juha Sarsama.

”We are happy to have found a renowned and reliable partner that values the entrepreneurial spirit and with whom we can continue in the active development of the company to the next stage. This is a very important as we expand our operations onto the international market,” says Christoffer Nordström, Managing Director of Megaklinikka.

Panostaja’s result management

Panostaja specifies its result management with regard to net sales. The Group’s net sales in the 2015 financial period are expected to be greater than in 2014 (MEUR 154.8). The Group’s EBIT is expected to be on the same level as in the 2014 financial period (MEUR 10.2).

Previous result management December 12, 2014. The Group’s net sales and EBIT in the 2015 financial period are expected to be at the same level as in the 2014 financial period (net sales MEUR 154.8 and EBIT MEUR 10.2).

Megaklinikka Oy’s net sales and EBIT in the financial periods January 1, 2014−December 31, 2014 and January 1, 2013−December 31, 2013 were as follows (FAS):

(EUR 1,000)

The balance sheets in the financial statements on December 31, 2014 and December 31, 2013 were as follows:

(EUR 1,000)

Panostaja Oyj

Juha Sarsama
CEO

Further information:

CEO Juha Sarsama +358 40 774 2099

Megaklinikka Oy Managing Director Christoffer Nordström +358 40 5251 231

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. After the Megaklinikka transaction, Panostaja operates in nine business areas, and Panostaja Group employs some 1,200 staff. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock Exchange. In the 2014 financial period, the Group’s net sales totaled MEUR 154.8. www.panostaja.fi