Restamax Oyj - Changes board/management/auditors

Restamax Plc: RESTAMAX RENEWS ITS ORGANISATION AND RESTRUCTURES ITS EXECUTIVE TEAM

Restamax Plc

STOCK EXCHANGE RELEASE 22 January 2018, 9:59

RESTAMAX RENEWS ITS ORGANISATION AND RESTRUCTURES ITS EXECUTIVE TEAM

Restamax Plc renews its organisation structure and the composition of its
Executive Team in line with its strategy. In future, Restamax's operational
organisation shall be divided into three business units: Nightclubs, Food
restaurants and Pubs&Entertainment.

The Nightclubs and Pubs&Entertainment business units will be headed by Paul
Meli. The Food restaurants unit will be run by Tero Kaikkonen.

The role of sales and marketing will be strengthened further in the organisation
by introducing the position of a Chief Commercial Officer (CCO) responsible for
the development of sales and marketing according to the Group strategy. The CCO
will be a member of the Executive Team. The appointment of the CCO will be
announced when the recruitment has been completed.

Development projects and programme services will be brought under one distinct
umbrella headed by Perttu Pesonen.

Eero Aho is appointed a Chief Procurement Officer (CPO), a new role established
to strengthen purchasing operations and the efficiency thereof.

CEO Juha Helminen:

"Our new long-term strategic goals for 2018-2020 were released in December
2017. The new leadership reorganisation supports our strategic objectives. By
restructuring our business units, we are able to exploit the synergies between
our different restaurants even better than before. Changes in alcohol laws and
opening hours are taken into account by separating pubs and entertainment into
an own business unit.

The new CCO will add to our commercial expertise and be in charge of sales and
marketing. We will also invest in staff training and customer service, and
expand the existing Restamax Academy both content and profile wise. Efficiency
continues to play an important role in our operations. The new CPO role will
make procurement processes more efficient without sacrificing our high quality
standards.

We will also make adjustments to our compensation plan and create a longer term
loyalty scheme in line with our strategic objectives. The loyalty scheme shall
be introduced in Q2 2018 at the latest. I strongly believe that these changes
will contribute to the Group's performance, customer service and employee
satisfaction, and make our company image even better."

Responsibilities of some of the Executive Team members will also be reallocated.
From 22 January 2018, Restamax's Executive Team will consist of the following
members:

Juha Helminen, CEO
Jarno Suominen, CFO
Paul Meli, CBO, Nightclubs and Pubs&Entertainment (acting)
Tero Kaikkonen, CBO, Food restaurants
Perttu Pesonen, Development Director
Eero Aho, CPO
Tanja Virtanen, Product Line Director, Premium concept restaurants
Miko Helander, Product Line Director, Youth night clubs

Additional information:
Juha Helminen, CEO, Restamax Plc, tel. +358 40 535 5560
Jarno Suominen, CFO, Restamax Plc, tel. +358 +358 40 721 5655

Distribution:
NASDAQ Helsinki
Major media
www.restamax.fi

Restamax Plc is a Finnish restaurant business and labour hire services group
established in 1996. The company, which was listed on NASDAQ Helsinki in 2013
and became the first Finnish listed restaurant company, has continued to grow
strongly throughout its history. The Group companies include more than 130
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, the Group
employs some 2,000 persons, converted into full-time employees. Smile
Henkilöstöpalvelut Oy, Restamax's subsidiary, employs more than 8,000 people
every month all over Finland.

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


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