Restamax Oyj - Company Announcement

RESTAMAX PLC: SMILE HENKILÖSTÖPALVELUT PURCHASES THE REST OF STAFF INVEST GROUP'S LABOUR HIRE OPERATIONS

Restamax Plc

STOCK EXCHANGE RELEASE 31 December 2014 at 16:00

SMILE HENKILÖSTÖPALVELUT, A SUBSIDIARY OF RESTAMAX PLC, PURCHASES THE REST OF
STAFF INVEST GROUP'S LABOUR HIRE OPERATIONS

Smile Henkilöstöpalvelut, a subsidiary of Restamax Plc, has purchased the rest
of Staff Invest Group's labour hire operations. The operations and ownership of
the object of acquisition are transferred on 31 December 2014, and the
operations will from then on be merged with Restamax Group's labour hire
operations.

The total purchase price for the object of corporate acquisition is
approximately MEUR 1.2 with the added difference of the current assets and
borrowed funds of the subsidiaries specified below in accordance with their
financial statements on 31 December 2014, to be paid by 30 April 2015.
Approximately MEUR 0.3 of the purchase price will be paid on 31 December 2014,
the date of transferring ownership.
MEUR 0.3 of the purchase price will be paid on 31 January 2015.
MEUR 0.3 of the purchase price will be paid on 31 December 2015.
MEUR 0.3 of the purchase price will be paid on 31 December 2016.

The Corporate Acquisition is bank-funded within the framework of Restamax Plc's
current funding limits. Some of the purchase price will be paid to the vendor
within a payment period.

The estimated turnover of the object of acquisition in 2015 is approximately
MEUR 3. The object of acquisition's stock of contracts in the field of labour
hire services is worth approximately MEUR 20 (31 December 2014).

The object of acquisition comprises the labour hire services and customer
contract base of Staff Invest, and the shares of Staff Invest in certain Staff
Invest subsidiaries, which conduct labour hire services, as follows:

Subsidiary                                 Share
Happy Henkilöstöpalvelut Oy  100%
Onni Henkilöstöpalvelut Oy     100%

The majority of the vendor's shareholders are parties related to Restamax Plc,
which makes the corporate acquisition a related party transaction.

The property of Staff Invest Oy is divided as follows: Wawe Capital Oy 45%,
Avemari Oy 27.5%, Eiramax Oy 11.25%, JV-Staff Oy 11.25% and Mr Max Oy 5%. Of the
shareholders, Wawe Capital Oy is controlled by the spouse of Timo Laine who is
the Chair of the Board of Directors of Restamax Plc; Mr Max Oy is jointly owned
by Timo Laine and Restamax Plc board member Mikko Aartio; the chief shareholder
of Eiran Ravintolatoimi Oy is Mikko Aartio while Timo Laine from Avemari Oy owns
half the company through Almalex Capital Oy, which he controls.

Additional information:
Markku Virtanen, Restamax Plc, CEO, tel. +358 400 836 477
Jarno Suominen, Restamax Plc, CFO, tel. +358 40 721 5655
Sami Asikainen, Smile Henkilöstöpalvelut Oy, Managing Director +358 40 700 9915

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

Restamax Plc is a Finnish restaurant business group established in 1996 that
also offers labour hire services. The company, which listed on the NASDAQ OMX
Helsinki stock exchange in 2013 and became the first Finnish listed restaurant
company, has continued to grow steadily throughout its history. The group
companies include over 80 restaurants, cafés, pubs and nightclubs all over
Finland. Well-known restaurant concepts of the group include Gringos Locos,
Bodega Salud, Viihdemaailma Ilona, American Diner, Daddy's Diner, Stefan's
Steakhouse and Wayne's Coffee Finland. Restamax Plc employs approximately 900
people, the Group's pro forma turnover in 2013 was MEUR 87.0 and EBITDA MEUR
13.3.Restamax company website: www.restamax.fi, Restamax consumer website:
www.ravintola.fi





[HUG#1884012]