Restamax Oyj - Tender offer

Restamax Plc and Rukakeskus Group to co-operate - The restaurant operations of Rukakeskus and Pyhätunturi under joint-venture ownership

Restamax Plc

STOCK EXCHANGE RELEASE 18 June 2014 at 12:00 noon

Restamax Plc and Rukakeskus Group to co-operate
- The restaurant operations of Rukakeskus and Pyhätunturi under joint-venture
ownership

Restaurant company Restamax Plc and Rukakeskus Group have concluded a
preliminary agreement for a joint venture company, which will be owned 65% by
Restamax and 35% by Rukakeskus. The agreement covers the restaurant operations
of Rukakeskus Oy and its subsidiary Pyhätunturi Oy in Kuusamo and Pyhätunturi.
The preliminary agreement for the transaction was made on 18 June 2014.

As a result of the deal, the restaurant businesses of Ravintola Piste, Hillside
Grill and the Hotelli Pyhätunturi located in Pyhä will be transferred to the
ownership of the new company. In Ruka, the company will also open a Ski Bistro
and Stefan's Steakhouse restaurant for the coming winter season, the latter of
which can also be found in Tampere, Turku and Helsinki. In summer 2014, there
will also be one in Jyväskylä.

Restamax will pay about MEUR 1.3 for its 65% share in the joint venture. The
final price of the transaction will be set by 31 December 2014. The estimated
annual turnover of the acquired businesses once all units are open in 2015 will
total about MEUR 6 and the operating margin will be about EUR 600,000. The joint
venture company will become part of the Restamax Group on 1 October 2014.

- This transaction strongly supports Restamax Plc's growth targets of expanding
its operations to the northern ski centres. We see enormous potential in the
tourism business. Ruka has just been chosen as Ski Centre of the Year 2014,
which also demonstrates very well that we have chosen the right partner, says
Markku Virtanen, CEO of Restamax.

- In our opinion, we have found the best possible partner to develop the
restaurant business in the fells. Through co-operation with Restamax, we want to
raise the supply of restaurant services in Ruka and Pyhä to a new level, which
will make both tourism areas even more attractive. At the same time, we will be
better able to focus on the ski business and strengthen our position among the
country's most enticing ski destinations, says Ville Aho, Managing Director of
Rukakeskus Oy.

Rukakeskus Oy is a family business, which has been operating in Ruka since 1973
and in Pyhätunturi since 1987. The employees of Rukakeskus Oy and Pyhätunturi Oy
will be transferred to the new company as old employees.

- Rukakeskus will be a significant minority shareholder in the new company, so
Restamax will have at its disposal the strong expertise and experience of the
family business in the area's tourism business. The partnership will
significantly benefit not only both parties but also naturally the customers.
Both our present regular customers and new tourists travelling to the north will
get many additional services and significant customer benefits, says Virtanen.

The Board of Directors of Restamax has set as its objective turnover of MEUR100
by the end of 2015.

Additional information:
CEO Markku Virtanen, Restamax Plc, tel. +358 400 836 477
Managing Director Ville Aho, Rukakeskus Oy, tel. +358 400 895 987

Distribution:
NASDAQ OMX Helsinki
Key media
www.restamax.fi

Restamax Plc is a Finnish restaurant business group established in 1996. The
company has continued to grow steadily throughout its history. The Group
companies comprise approximately 80 restaurants, cafés, pubs and nightclubs all
over Finland. Well-known restaurant concepts of the group include, among others,
Ristorante Bella Roma, Gringos Locos, Viihdemaailma Ilona, Daddy's Diner and
Stefan's Steakhouse. Wayne's Coffee is also a part of the company's portfolio.
Restamax plc employs approximately 900 people, proforma turnover in 2013 was
approximately MEUR 87.0 and EBITDA about MEUR 13.3. www.restamax.fi.

Rukakeskus Group has been responsible for the ski business in Ruka since 1973,
and in Pyhä since 1987. We are one of Finland's leading tourism companies and
market leader in the ski centre sector with about a 20% share of ski pass sales.
We operate in the rapidly internationalising, year-round tourism centres of Ruka
and Pyhä. Our core expertise is the ski business, but in Ruka and Pyhä we also
conduct business in accommodation, ski-centre restaurants, equipment rental and
retail. Our turnover is about MEUR 26 and we employ more than 200 people.
Rukakeskus Oy is a family business of which siblings Kari Jussi Aho, Miia
Porkkala, Annakaija Lappalainen, Antti Aho and Ville Aho own equal shares of
20%. The Aho Group of Companies owned by the same Aho family also includes the
Aava Medical Centre Group, whose turnover is about MEUR 48 and it employs about
500 people. ski.ruka.fi, ski.pyha.fi.

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