Panostaja Oyj - Notice to general meeting

CALL TO A GENERAL SHAREHOLDERS MEETING

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