Panostaja Oyj - Company Announcement

PE Kiinteistörahasto to return its assets to Panostaja Oyj in connection with realization of real estate

Panostaja Oyj        Stock Exchange Bulletin                      October 31,
2012, 2:00 p.m. 





PE Kiinteistörahasto to return its assets to Panostaja Oyj in connection with
realization of real estate 

PE Kiinteistörahasto I Ky (“the Fund”), owned jointly by Panostaja Oyj and
Etera Mutual Pension Insurance Company, has on July 31, 2012 realized its
assets by selling the majority of the real estate companies in its portfolio to
the Sponda Fund III real estate fund. 

The Fund's partners have decided to dissolve the Fund and the incorporated
companies part of it and the remaining real estate companies. The Fund is to
return realized assets to its owners. The Fund will return a total of
approximately MEUR 3.0 to Panostaja Oyj. The Fund dissolution processes will be
completed within some four months, having no separate profit and loss effects
or cash impact. 

The direct cash impact of the return of capital is about MEUR 3 million and
Panostaja's capital loss, taking tax effects into consideration, is about MEUR
0.2. 



Tampere, October 31, 2012

Juha Sarsama

CEO



Further information:

Juha Sarsama

CEO

Panostaja Oyj

+358 50 430 6482

juha.sarsama@panostaja.fi



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. The Panostaja
Group employs approximately 1,200 people. Panostaja's shares (PNA1V) are quoted
on the NASDAQ OMX Helsinki Stock Exchange. In the 2011 financial year, the
Group's net sales totaled MEUR 163.2. 

www.panostaja.fi