Panostaja Oyj - Company Announcement

PANOSTAJA OYJ HAS BOUGHT BACK NOTE UNITS OF THE CONVERTIBLE SUBORDINATED LOAN 2006

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED
STATES 



Panostaja Oyj              Stock Exchange Release 8.2.2011 10:00 a.m.

PANOSTAJA OYJ HAS BOUGHT BACK NOTE UNITS OF THE CONVERTIBLE SUBORDINATED LOAN
2006 

Panostaja Oyj (the “Company”) has bought back note units of the convertible
subordinated loan 2006 for an aggregate consideration of EUR 12,288,658
(including accrued interest) through a deal executed on 7 February 2011. The
note units were bought back at a price corresponding to the nominal value (100
per cent) of the note units added with accrued interest to the transaction
date. The nominal value bought back by the company corresponds to approximately
54.5 per cent of the original nominal value of the convertible subordinated
loan due 2012. The buy back of the note units is a part of a transaction where
the Company has executed a share issue of 4,000,000 shares and issued a
convertible capital loan of EUR 15,000,000. The buy back of the note units has
been executed in order to improve the maturity schedule of the Company's long
term debt. 

The Board of Directors of the Company has decided to cancel the repurchased
note units, which is expected to take effect by the end of February. 

Panostaja Oyj

Juha Sarsama
CEO

Additional information:
CEO Juha Sarsama + 358 40 774 2099

The information contained herein is not for release, publication or
distribution, directly or indirectly, in or into Australia, Canada, Japan,
South Africa or the United States. The information contained herein does not
constitute an offer of securities for sale in the United States, nor may the
securities be offered or sold in the United States absent registration or an
exemption from registration as provided in the U.S. Securities Act of 1933, as
amended, and the rules and regulations thereunder. There is no intention to
register any portion of the offering in the United States or to conduct a
public offering of any securities in the United States. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

Copies of this announcement are not being made and may not be distributed or
sent into Australia, Canada, Japan, South Africa or the United States.