Panostaja Oyj - Company Announcement

THE ASSET PURCHASE AGREEMENT BETWEEN PANOSTAJA OYJ AND CORDES & GRAEFE KG NOT TO BE CLOSED

Panostaja Oyj        Stock Exchange Bulletin  October 3, 2011 13.15 p.m.

THE ASSET PURCHASE AGREEMENT BETWEEN PANOSTAJA OYJ AND CORDES & GRAEFE KG NOT
TO BE CLOSED 

The Asset Purchase Agreement entered into on 19 September 2011 between
Panostaja Oyj and Cordes & Graefe KG regarding the entire business operations
of Lämpö-Tukku Oy, a subsidiary in which Panostaja Oyj has a 63.3% holding,
shall not be closed due to discrepancies in the inventory taken prior to
closing. 

Due to cancellation of the transaction Lämpö-Tukku Oy shall continue in
Panostaja Group's result from continuing business operations for the current
financial period and the reference period. Thus the previous result management
issued on September 7, 2011 shall be valid. The effect of the inventory
discrepancies on Panostaja Group's result is under examination. 

The previous result management on September 7, 2011: In 2011, the Group's net
sales are expected to grow approx. 15-20% over the previous year. The
profitability of the business areas is estimated to improve significantly
yielding a result of approx. MEUR 2.2-3.0 for the financial year. 



Panostaja Oyj



Juha Sarsama

CEO





More information:



CEO Juha Sarsama, Panostaja Oyj, +358 (0)40 774 2099



Panostaja Oyj is an active majority shareholder in Finnish SMEs. The core of
our operations is based on Finnish entrepreneurship and persevering the
development of entrepreneurial activity. Together with our entrepreneur
partners, we are cultivating companies to become the best in the field and are
thereby creating Finnish success stories. Panostaja Oyj currently operates in
twelve business areas. Panostaja Group's net sales for the 2010 financial
period stood at MEUR 140.5 without the effect of the divestment realized over
the financial period.