Panostaja Oyj - Company Announcement

PROPOSAL REGARDING THE BOARD OF DIRECTORS RELATED ISSUES FOR THE ANNUAL GENERAL MEETING OF PANOSTAJA OYJ OF 29 JANUARY 2014

Panostaja Oyj    Stock Exchange Release    19 December 2013   10.00 a.m.

PROPOSAL ON THE REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS

Shareholders, who represent more than 10% of the shares and votes in the
company, have notified the board of directors that they will propose to the
annual general meeting that the following annual remuneration be paid to the
members of the board of directors to be elected for a term of office commencing
at the end of the annual general meeting and expiring at the end of the annual
general meeting 2015: 

the chairman of the board of directors EUR 40,000, and
the other members of the board of directors EUR 20,000 each.

Shareholders, who represent more than 10% of the shares and votes in the
company, have further notified the board of directors that they will propose to
the annual general meeting that approximately 40% of the remuneration be paid
in shares of the company based on the share issue authorization given to the
board of directors by the annual general meeting, provided that a member of the
board of directors does not, on the date of the annual general meeting, own
more than one per cent (1%) of the shares in the company. If the ownership of a
member of the board of directors at the date of the annual general meeting
exceeds one per cent (1%) of the company's shares, the remuneration to such
board member shall be paid entirely in cash. 

Shareholders, who represent more than 10% of the shares and votes in the
company, have further notified the board of directors that they will propose to
the annual general meeting that the travel expenses of the members of the board
of directors be compensated in accordance with the rules of maximum amount of
tax-exempt compensation as ratified by the national board of taxation from time
to time. 



PROPOSAL ON THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS

Shareholders, who represent more than 10% of the shares and votes in the
company, have notified the board of directors that they will propose to the
annual general meeting that the number of the members of the board of directors
shall be six (6). 



PROPOSAL ON THE MEMBERS OF THE BOARD OF DIRECTORS

Shareholders, who represent more than 10% of the shares and votes in the
company, have notified the board of directors that they will propose to the
annual general meeting that the following individuals be re-elected as members
of the board of directors for a term of office commencing at the end of the
annual general meeting and expiring at the end of the annual general meeting
2015: 

Jukka Ala-Mello
Eero Eriksson
Mikko Koskenkorva
Jukka Terhonen, and
Antero (Antti) Virtanen

and that the following individual shall be elected as a new member of the board
of directors for the same term of office: 

Hannu Tarkkonen.



Panostaja Oyj
board of directors

Additional information:

Juha Sarsama, CEO, Panostaja Oyj +358 40 774 2099