Restamax Oyj - Changes board/management/auditors

Restamax Plc: JARNO SUOMINEN NAMED AS TEMPORARY CEO OF RESTAMAX PLC

Restamax Plc

STOCK EXCHANGE RELEASE 22 MAY 2017 at 14:30

JARNO SUOMINEN NAMED AS TEMPORARY CEO OF RESTAMAX PLC

Restamax Plc's Board of Directors has named Jarno Suominen, 44, as the temporary
CEO of the Group as of 22 May 2017. Mr Suominen currently works as Restamax's
CFO and will also continue in his current post. Mr Suominen has worked at
Restamax and served as CFO from 2005. He has been a member of the Group's
Executive Team since 2005.

In a stock exchange release published on 2 January 2017, Restamax Plc announced
that CEO Markku Virtanen will leave the Group for personal reasons as of 30 June
2017. Mr Virtanen became Restamax's CEO in 2005.

From 1 July 2017, Restamax's Executive Team will consist of the following
people:

Jarno Suominen, temporary CEO, CFO
Perttu Pesonen, Development Director
Eero Aho, Product Line Director, Food
Tanja Virtanen, Product Line Director, Food
Paul Meli, Product Line Director, Nightclubs and other entertainment
Miko Helander, Product Line Director, Nightclubs and other entertainment

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

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

Restamax Plc is a Finnish restaurant business and labour hire services group
established in 1996. The company, which listed on NASDAQ OMX Helsinki in 2013
and became the first Finnish listed restaurant company, has continued to grow
strongly throughout its history. The Group companies include some 120
restaurants, nightclubs and entertainment centres all over Finland. Well-known
restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma
Ilona, Classic American Diner and Colorado Bar & Grill. In 2016, Restamax Plc's
turnover was MEUR 130.1 and EBITDA MEUR 19.4. Depending on the season, some
1,100 persons converted into full-time employees work at the Group. The
workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is about 4,500.

Restamax company website: www.restamax.fi, Restamax consumer website:
www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi

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