Panostaja Oyj Stock Exchange Bulletin, 25th September 2007 SHARES SUBSCRIBED WITH PANOSTAJA'S 2006 CONVERTIBLE SUBORDINATED LOAN Panostaja Oyj's 2006 convertible subordinated loan has been used to subscribe for 1,500,000 new Panostaja Class B shares. The shareholders' rights attached to the shares subscribed for with convertible bonds include voting rights in accordance with the Articles of Association and other rights, except for the rights to receive dividends. The new shares will confer the right to receive dividends for the first time for that financial year during which they are converted. The EUR 180,000 increase in share capital has been entered in the Trade Register on 25th September 2007. The company has applied for listing of the subscribed shares on the Helsinki Stock Exchange. The shares will become available for trading on the Helsinki Stock Exchange on around 27th September 2007. The total number of Panostaja's new 2007 Class B shares is 5,186,000. Panostaja Oyj's share capital amounts to EUR 5,424,081.60. The number of issued Class A shares is 17,256,595 and the number of issued Class B shares is 27,944,085 (22,758,085 old and 5,186,000 new shares). Panostaja Oyj Juha Sarsama CEO For further information, please contact Mr. Juha Sarsama, CEO, tel. +358 (0)3 263 4300.