Panostaja Oyj - Company Announcement

PANOSTAJA ISSUES 7,5 MILLION EURO HYBRID BOND

Panostaja Oyj                Company Announcement, May 16, 2013, 16:15 p.m.





Panostaja Oyj issues a EUR 7,5 million domestic hybrid bond. The coupon rate of
the bond is 9,75 % per annum. The bond has no set maturity date but the company
may exercise an early redemption option after four years. The settlement date
of the bond is 27 May 2013. The hybrid bond issue will strengthen Panostaja's
capital structure and financial position. The bond was offered to selected
institutional investors as private placement in Finland. 

“This transaction gives us sufficient resources to operate actively in the
markets through selected segments even if some of the planned divestments are
delayed due to weak economic prospects,” says Juha Sarsama, the CEO of
Panostaja. 

A hybrid bond is an instrument which is subordinated to the company's other
debt obligations and which is treated as equity in the IFRS financial
statements. A hybrid bond does not confer to its holder the right to vote at
shareholder meetings and does not dilute the holdings of the current
shareholders. 

Pohjola Markets acted as Sole Lead-Manager and Bookrunner in the transaction.







Panostaja Oyj

Juha Sarsama

Chief Executive Officer





Additional information:



Juha Sarsama, Chief Executive Officer, Panostaja Oyj, +358 40 7742099









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 1,300 people. Panostaja's shares (PNA1V) are quoted
on the NASDAQ OMX Helsinki Stock Exchange. In the 2012 financial year, the
Group's net sales totaled MEUR 156.8. www.panostaja.fi