Panostaja Oyj - Company Announcement

START-UP OF THE PURCHASE PROGRAMME OF OWN SHARES

Panostaja Oyj	Stock Exchange Release 	11th May 2009    16:40           

START-UP OF THE PURCHASE PROGRAMME OF OWN SHARES                                

Panostaja Oyj's Annual Shareholders' Meeting has, with a decision made on 26th  
January 2009, authorised the Board of the company to make the decision on the   
start-up of the purchase programme of own shares. The Board has decided to start
the purchasing of own shares no earlier than on 18th May 2009. The amount to be 
purchased is at the most 3.500.000 shares. The purchase programme shall end no  
later than on 31st October 2009.                                                

The own shares shall be purchased for the company to be used as a remuneration  
in possible company acquisitions or other structural arrangements or when       
purchasing property which is a part of the business activities for the company, 
in order to develop the capital structure of the company or to annul shares or  
execute a key personnel incentive system.                                       

Additionally, the Board decided to depart from the course of action in Points   
3.2.1 - 3.2.2 of the instruction according to Point 3.2.5 of the application    
note related to the purchase of shares by the Stock Exchange of Helsinki        
regarding the purchase of own shares, due to the small amount of the average    
solvency of the stock exchange volume. The purchase of own shares shall be      
executed within six months from the beginning of the purchasing and thus we aim 
to ensure the liquidity of the share exchange during the purchase programme. The
purchasing of own shares under these conditions can lead to the fact that a half
(50 %) of the average daily exchange of a share is exceeded, but even then the  
deviation must not cause exceptional market movement nor will it be possible to 
purchase more than 5 % of all the shares to be purchased during the same stock  
exchange day (175.000 shares).                                                  

Panostaja Oyj                                                                   

Board of Directors                                                              


Additional information:                                                         
Juha Sarsama, Managing Director, tel. 040 774 2099