Panostaja Oyj - Company Announcement

NEW APPOINTMENT AT PANOSTAJA OYJ – ILKKA MUJUNEN BECOMES MANAGING DIRECTOR AT HEATMASTERS GROUP OY

Panostaja Oyj        Stock Exchange Bulletin, October 31, 2013, 13.00



Ilkka Mujunen M.Sc.(Tech.) (48) has been invited to become Managing Director of
Heatmasters Group Oy, which is part of the Panostaja Group. Mujunen has diverse
experience of international business extending back more than 20 years. He will
assume his duties as Managing Director no later than November 27, 2013. The
current Managing Director of Heatmasters Group Oy, Juha Saarikunnas, will
continue in his duties until the new Managing Director, Ilkka Mujunen, begins,
after which Saarikunnas will leave the service of the Group. We would like to
thank Juha for the work he has done for Heatmasters Group. 

Heatmasters Group Oy specializes in metal heat treatment services and supplying
related machines and equipment. The company has its Finnish operating units in
Lahti and Varkaus. It derives a significant part of its net sales from foreign
associated companies located in Sweden and Poland. 



Panostaja Oyj

Juha Sarsama

CEO



Further information:

CFO

Simo Mustila

Panostaja Oyj

044 220 3300



Panostaja is an investment company developing Finnish SMEs in the role of an
active majority shareholder. The company aims to be the most sought-after
partner for business owners selling their companies as well as for the best
managers and investors. 

Together with its partners, Panostaja increases the Group's shareholder value
and creates Finnish success stories. 

Panostaja Oyj operates in nine business areas, and Panostaja Group employs some
1,300 staff. Without adjustment for the sales of Matti-Ovi and Suomen
Kiinnikekeskus, Panostaja Group's net sales in the 2012 financial period were
MEUR 156.8. 

Panostaja's shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock
Exchange.  www.panostaja.fi