Restamax Oyj - Company Announcement

Restamax Plc: PROPOSALS BY THE SHAREHOLDERS OF RESTAMAX PLC TO THE GENERAL MEETING

Restamax Plc

STOCK EXCHANGE RELEASE 17 April 2015 at 14:15

PROPOSALS BY THE SHAREHOLDERS OF RESTAMAX PLC TO THE GENERAL MEETING

The shareholders representing a total of more than 52.8% of the shares and votes
of Restamax Plc have announced to the Board of Directors that they will, at the
Annual General Meeting on 22 April 2015, propose that the annual compensation
paid to Members of the Board be set at €20,000 per annum for the Chairman and
Vice-Chairman and €10,000 per annum for each Member of the Board. The
aforementioned shareholders propose that separate attendance allowance or
reimbursement for travelling expenses will not be paid.

The aforementioned shareholders have also announced to the Board of Directors
that they will propose at the Annual General Meeting that the Board of Directors
comprise six (6) members, and that the current members, Timo Laine, Petri
Olkinuora, Mikko Aartio, Jarmo Viitala and Mika Niemi, be re-elected. In
addition, Timo Everi will be proposed as a new Member of the Board. The proposed
persons have given their consent to the appointments. The said shareholders
propose that Timo Laine continue as Chairman of the Board and Petri Olkinuora
continue as the Vice-Chairman.

Among the proposed Members of the Board, three (Laine, Aartio and Niemi) are
dependent of the Company, so the proposed composition of the Board does not meet
the recommendation 14 of the Finnish Corporate Governance Code where it
indicates that more than half of the members of the Board should be independent
of the Company. Furthermore, the proposed composition of the Board does not meet
Recommendation 9 of the Corporate Governance Code for Listed Companies in
Finland that both genders should be represented on the Board. The aforementioned
shareholders justify the proposed composition of the Board with the acquisition
of Rengasravintolat Group that took place during the previous financial period,
and with the functional capacity of the proposed composition of the Board,
taking into account the challenges posed by the company's operations and
development phase.

More information about the proposed members is appended to this press release
and available on the Company website at www.restamax.fi/en/investors/general-
meeting/annual-general-meeting-2015/.

The invitation to the Annual General Meeting of Restamax Plc was published as a
stock exchange release on 31 March 2015.

Additional information:
Timo Laine, Restamax Plc, Chairman of the Board of Directors, tel.
+358 400 626 064
Jarno Suominen, Restamax Plc, CFO, tel. +358 40 721 5655

Distribution:
NASDAQ OMX Helsinki
Major media channels
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 approximately 100 restaurants, cafés, pubs and nightclubs all
over Finland. The Group's well-known restaurant concepts include, among others,
the von Trappe restaurants, Bodega Salud, Viihdemaailma Ilona, American Diner,
Daddy's Diner, Stefan's Steakhouse, and the Galaxie and Space Bowling &
Billiards entertainment centres. Restamax Plc employs between 900 and 1,100
people depending on the season. The turnover for 2014 was MEUR 86.7 and EBITDA
MEUR 12.0.

Restamax company website: www.restamax.fi, Restamax consumer website:
www.ravintola.fi

[HUG#1912021]

Attachments:

The proposed members of the Restamax Plc's board of directors 2015.pdf