Panostaja Oyj - Tender offer

PANOSTAJA ACQUIRES BEWATOR OY AND EXPANDS ITS LOCK AND SECURITY BUSINESS AREA

Panostaja Oyj              Stock Exchange bulletin 30.4.2009	10:35 A.M

PANOSTAJA ACQUIRES BEWATOR OY AND EXPANDS ITS LOCK AND SECURITY BUSINESS AREA   

Panostaja Oyj has today signed an agreement by which it purchases the entire    
share capital of Bewator Oy, a supplier of time & attendance and access control 
systems, from Siemens Osakeyhtiö. In connection with the trade, the name Bewator
Oy will be changed to Flexim Security Oy.                                       

Bewator Oy is one of the leading suppliers of high security technology in       
Finland. It provides an extensive range of time & attendance and access control 
systems from code locks and door/gate phone systems to integrated security      
solutions. Company's main customers are large corporations and public sector.   
Flexim Security's proprietary product offering comprises Sesam, Secal and Flexim
time & attendance and access control systems. In addition, the Company is a     
reseller of Bewator's access control systems and products, and Siemens's CCTV   
products in Finland. Bewator Oy employs 47 persons, and its main office is in   
Helsinki. The regional offices are located in Turku and Tampere.                

The total purchase price is estimated at EUR 8.1 million. The final purchase    
price will be settled by 29th June, 2009. EUR 6.9 million of the purchase price 
will be paid at closing. The remaining EUR 1.2 million will be paid in three    
conditional instalments within the next three years.                            

Panostaja's lock and security business area already includes LukkoExpert        
Security Oy, which is a company specialising in locking, door automation and    
security technology. The goal of the business area now complemented by the newly
acquired Bewator is to become the top provider of door technology and security  
solutions in Finland. The new combination will provide it's clients access      
control and security systems on a centralized service package basis.            "Both Bewator and LukkoExpert Security have been leading players in their parts 
in the Finnish security systems market for decades. The acquisition will        
significantly strengthen the product and service range of the new entity. Our   
goal is to create new operational models that would give a considerable boost to
our client's process and cost efficiency," explains Jukka Laakso, Managing      
Director of LukkoExpert Security.                                               


Bewator's net sales and profits of the fiscal periods October 1, 2007 to        
September 30, 2008 and October 1, 2006 to September 30, 2007 were as follows    
(FAS):                                                                          

(thousand Euro)                                                                 

                Oct 1 to Sep 30, 2008        Oct 1 - Sep 30, 2007               

Net Sales                11.612                      10.116                     
Operating profit          1.523                         927 

The Balance Sheets as of September 30, 2008 and September 30, 2007 were as      
follows:                                                                        
(thousand Euro)                                                                 

                Sep 30, 2008   Sep 30, 2007                          

Fixed assets            303       153                                         
Current assets        4.016     4.620                                
Total                 4.319     4.773                                

Equity                2.904     3.379                                
Liabilities           1.415     1.394                                
Total                 4.319     4.773 

The acquisition is expected to have a positive effect on the Panostaja Group's  
current fiscal period earnings as well as on earnings and equity per share.     
After materialisation of the final financing of the acquisition, the deal is    
expected to decrease the company's equity ratio by some one percent.            


Panostaja Oyj                                                                   



Juha Sarsama                                                                    
CEO                                                                             

Additional information:                                                         

Juha Sarsama, Chief Executive Officer, +358 40 774 2099