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 Tuesday 18th        
December 2007 at 10 am. in Tampereen Portti at Postitorvenkatu 16, Tampere. As  
well as covering standard Annual General Meeting issues as outlined in Article  
11 of the Articles of Association, the following proposals made by the Board of 
Directors will also be dealt with:                                              

Authorising the Board to decide on a share issue                                
                                                                                
The Board proposes that the AGM revoke the authorisation of the Board to decide 
on increasing share capital through a share issue or granting options and other 
rights referred to in Chapter 10, Section 1 of the Limited Liability Companies  
Act disapplying the shareholders' pre-emption rights given by the AGM on 15th   
December 2006.                                                                  

The Board proposes that the AGM authorise the Board to decide on issuing a      
maximum of 2,725,659 Class A shares and a maximum of 62,794,408 Class B shares  
through a regular or bonus issue or by granting options and other rights        
referred to in Chapter 10, Section 1 of the Limited Liability Companies Act on  
one occasion or in several parts. The authorisation does not exclude the Board's
right to decide on private placements or granting special rights referred to    
above. According to the proposal, the authorisation gives the Board the right to
decide on all terms and conditions of share issues and special rights referred  
to above, including decisions concerning the recipients of shares or special    
rights and the consideration to be paid.                                        

The Board proposes that the AGM authorise the Board, in accordance with the     
limits of the authorisation above, to decide on an increase in share capital    
through one or more share issues or by granting options and other rights        
referred to in Chapter 10, Section 1 of the Limited Liability Companies Act so  
that the share issue(s) offer(s) for subscription a maximum total of 1,000,000  
new Class A shares with a nominal value of 0.12 euros and a maximum total of    
60,000,000 new Class B shares with a nominal value of 0.12 euros. The share     
capital can be increased by a maximum of 7,320,000 euros. The Board proposes    
that the AGM authorise the Board, in accordance with the limits of the          
authorisation above, to decide on share issues and granting of options and other
rights referred to in Chapter 10, Section 1 of the Limited Liability Companies  
Act through which the company will issue a maximum of 1,725,659 Class A shares  
and a maximum of 2,794,408 Class B shares.                                      

The authorisation shall remain effective for a period of five years from the    
date of the decision made by the AGM.                                           

Authorising the Board to decide on buying back own shares                       

The Board proposes that the AGM revoke the authorisation of the Board to decide 
on buying back own shares given by the AGM on 15th December 2006 and that the   
Board is authorised to decide on buying back own shares within 18 months of the 
AGM's authorisation decision using funds distributable as profit. The           
decision(s) to buy back own shares must be made in proportion with the classes  
of shares and so that a maximum of 1,725,659 Class A shares with a nominal value
of 0.12 euros can be bought and a maximum of 2,794,408 Class B shares with a    
nominal value of 0.12 euros can be bought so as the total number of shares to be
bought cannot exceed 10% of the company's total number of shares. The shares    
will be bought in the way and to the extent decided by the Board to be used as  
consideration for possible company acquisitions or other structural arrangements
or for acquiring business-related assets on behalf of the company, for          
developing the capital structure of the company, for cancelling shares or for   
implementing an incentive system for key resources. The shares will be bought in
disproportion to shareholdings in public trading organised by the Helsinki Stock
Exchange at their current price in public trading at the time of purchase.      


The Board proposes to the AGM that PricewaterhouseCoopers Oy, APA, and Hannu    
Pellinen, APA, be appointed auditors for the term of office to continue until   
after the next AGM.                                                             

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 7th December 2007. 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 7th     
December 2007.                                                                  

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 Monday,
17th December 2007, in writing to Ms. Sari Tapiola/Panostaja Oyj, P.O. Box 783, 
FI-33101 Tampere, Finland, by fax to +358 (0)3 263 4343, or by phoning Ms. Sari 
Tapiola on +358 (0)3 263 4300. 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 (address above). Copies of these     
documents will be sent to shareholders on request.                              

The Board of Directors proposes that the record date for dividend payment be    
21st December 2007 and that dividends be paid out as from 31st December 2007 in 
accordance with the exception granted by Finnish Central Securities Depository  
Ltd. Those included in the Shareholder Register kept by Finnish Central         
Securities Depository Ltd. on the dividend record date are entitled to receive  
dividends.                                                                      

Tampere, 29th November 2007                                                     

PANOSTAJA OYJ, BOARD OF DIRECTORS