2014-09-11 09:00:00 CEST

2014-09-11 09:01:04 CEST


REGULATED INFORMATION

English
Restamax Oyj - Company Announcement

Restamax Plc: RESTAMAX SUBSIDIARY SMILE HENKILÖSTÖPALVELUT EXPANDS OPERATIONS AND BUYS MAJORITY SHAREHOLDING IN HUIPPU HENKILÖSTÖPALVELUT OY


Restamax Plc

STOCK EXCHANGE RELEASE 11 SEPTEMBER 2014, 10:00 am

RESTAMAX SUBSIDIARY SMILE HENKILÖSTÖPALVELUT EXPANDS OPERATIONS AND BUYS
MAJORITY SHAREHOLDING IN HUIPPU HENKILÖSTÖPALVELUT OY

Smile Henkilöstöpalvelut Oy, a subgroup of Restamax Group, buys 75% of Huippu
Henkilöstöpalvelut Oy, which mainly operates in the Kuopio region. Ownership of
the entity purchased will transfer on 15 September 2014. As a result of the
transaction, 43,500 shares of the parent company will be transferred to Restamax
Group. Huippu Henkilöstöpalvelut Oy CEO Marko Melamies will continue as the
company CEO and minority shareholder."The corporate acquisition strongly supports Restamax's strategic expansion into
the labour hire field. Huippu Henkilöstöpalvelut is a significant regional
company in the Kuopio area. The transaction brings our Group valuable know-how
in this field, helping us develop our labour hire business," says Restamax Plc
Chairman of the Board Timo Laine.

The total purchase price of the corporate acquisition is MEUR 0.5 added with the
shares to be bought and the total of the company's investments and current
assets less borrowed funds on 31 August 2014. In addition, an additional
purchase price of MEUR 0.1 is related to the corporate acquisition, to be paid
on 31 December 2016 if certain conditions of the additional purchase price are
met. The purchase price will be paid in cash. Some MEUR 0.5 of the purchase
price will be paid on the date of transfer of the ownership of the entity
purchased, 15 September 2014. The final purchase price will be determined based
on the interim financial statements of 31 August 2014 no later than 31 December
2014, by which time the share of the difference between the assets and
liabilities on the company's financial statements of 31 August 2014 will also be
paid to the sellers.

The corporate acquisition is bank-funded within the framework of Restamax Plc's
current funding limits.

Founded in 2010, Huippu Henkilöstöpalvelut Oy is a labour hire company
specialising in restaurant, café, event and security staff, with customers
mainly in the restaurant business. The company's turnover in the financial
period which ended on 31 December 2013 was approximately MEUR 3.1, EBITDA some
MEUR 0.2 and the income of the financial period some MEUR 0.2. Turnover for the
current financial period between 1 January - 31 July 2014 was MEUR 1.9, and
EBITDA was some MEUR 0.1. Restamax Group's share of the turnover for the current
financial period is some 35 per cent.

The sellers in the share transaction are Mika Niemi, Tero Lahtinen and Mika
Hämäläinen, each with a third's share. Some of the sellers are parties related
to Restamax Plc, which makes the corporate acquisition a related party
transaction.

The company's own shares transferred to Restamax as a result of the transaction

Huippu Henkilöstöpalvelut Oy owns 43,500 Restamax Plc shares, which are
transferred to Restamax Group as a result of the share transaction.

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

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

Restamax Plc is a Finnish restaurant business group established in 1996, which
also offers labour hire services. In 2013, Restamax became the first Finnish
restaurant company to list on NASDAQ OMX Helsinki and has grown strongly
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 Suomi. 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


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