Panostaja Oyj - Company Announcement

SUPPLEMENT TO PANOSTAJA´S TAKEOVER BID CONCERNING THE SHARES OF SUOMEN HELASTO

Panostaja Oyj	Stock Exchange Bulletin, July 31, 2007                           


SUPPLEMENT TO PANOSTAJA'S TAKEOVER BID CONCERNING THE SHARES OF SUOMEN HELASTO  

Panostaja Oyj has received a statement from Suomen Helasto Oyj's Board of       
Directors with regard to Panostaja's public exchange offer. Panostaja is        
including this statement as a supplement to the bidding document. The supplement
shall entitle investors to cancel their approval of the takeover bid within the 
next 2 (two) banking days following their respective approvals.                 

This stock exchange bulletin is a translation of the original Finnish stock     
exchange bulletin July 30, 2007.                                                



Panostaja Oyj                                                                   

The Board of Directors                                                          


Further information:                                                            


Olli Halmevuo, Chief Executive Officer, Panostaja Oyj, +358 3 263 4300 or +358  
40 545 3767                                                                     

Panostaja Oyj is a multi-sector holding company. The company invests in Finnish 
small and medium-sized enterprises operating in traditional industries.         
Investments are mostly carried out through acquisitions. Panostaja Group invests
business resources and strategic know-how in companies. The objective is to     
raise the target company to become a major player in its field, at which point  
the enterprise will continue to operate as an independent growth company.       
Panostaja Group's net turnover for the 2005/2006 financial year was EUR 57.8    
million. The Group operates in twelve business areas.