Restamax Oyj - Decisions of general meeting

Restamax Plc: DECISIONS OF RESTAMAX PLC'S ANNUAL GENERAL MEETING

Restamax Plc

STOCK EXCHANGE RELEASE 27 April 2016, 16:30

DECISIONS OF RESTAMAX PLC'S ANNUAL GENERAL MEETING

Restamax Plc's Annual General Meeting was held today 27 April 2016 in Tampere.
The meeting confirmed the 2015 financial statements and discharged the Company's
management from liability. The meeting decided that, based on the balance sheet
confirmed for the financial period that ended on 31 December 2015, a dividend of
EUR 0.27 per share will be paid. The dividend will be paid on 9 May 2016. The
Annual General Meeting decided that the Board of Directors will comprise six (6)
members and elected APA-accredited Deloitte & Touche Oy as the Company's
auditor.

The meeting was opened by Chairman of the Board, Timo Laine, lawyer Heli
Piksilä-Rantanen chaired the meeting, and Hannu Selin LLM acted as Secretary.

DECISIONS OF THE MEETING

Financial statements

The meeting adopted Restamax Plc's financial statements and discharged the
members of the Board of Directors and the CEO from liability for the 2015
financial period.

Dividend

The Board of Directors decided that, based on the balance sheet adopted for the
financial period that ended on 31 December 2015, a dividend of EUR 0.27 per
share will be paid. The dividend record date is 29 April 2016, and the dividend
payment date is 9 May 2016.

Board of Directors

The meeting decided that the number of members of the Board of Directors will be
six (6). As members of the Board, the meeting re-elected all present members of
the Board, Timo Laine, Petri Olkinuora, Mikko Aartio, Jarmo Viitala, Mika Niemi
and Timo Everi, to serve until the end of the next Annual General Meeting. The
meeting elected Timo Laine as Chairman of the Board and Petri Olkinuora as Vice-
Chairman.

The Annual General Meeting decided that the payment of remuneration and travel
expense reimbursements to the members of the Board of Directors would be as
follows until the following Annual General Meeting: annual remuneration to the
Chairman of the Board will be EUR 25,000, to the Vice-Chairman EUR 20,000 and to
other members EUR 10,000. Separate attendance allowances are not paid. Travel
expenses will be reimbursed in accordance with the Company's travel rules.

Auditor

The Annual General Meeting reselected as auditor Deloitte & Touche Oy, a firm of
authorised public accountants, until the end of the next Annual General Meeting.
Hannu Mattila, APA, will act as the Company's responsible auditor. In accordance
with the Board's proposal, the meeting decided that the auditor's remuneration
will be paid based on a reasonable invoice approved by the Company.

Authorisation to purchase the Company's own shares

The Annual General Meeting decided to authorise the Board to decide on using the
Company's unrestricted equity to purchase no more than 800,000 of the Company's
own shares in one or several tranches, taking into account the stipulations of
the Limited Liability Companies Act regarding the maximum number of shares in
possession of the Company and under the following terms:

The Company's shares held by the Company shall be purchased with the funds from
the Company's unrestricted equity, meaning that the purchases decrease the
distributable profits of the Company. The shares shall be purchased in trading
on the regulated market in the Helsinki Stock Exchange, and therefore the
purchase takes place by private placing and not in relation to the shares owned
by the shareholders. The sum paid for the shares is the price announced on the
acquisition day for Restamax Plc's shares on the regulated market on the stock
list of Helsinki Stock Exchange. The shares are purchased in trading organised
by Nasdaq Helsinki Oy in accordance with its rules and regulations. The shares
can be purchased for financing or carrying out possible corporate acquisitions
or other arrangements, to implement incentive schemes within the Company, or for
other purposes decided by the Board. The maximum amount of the shares to be
purchased is equivalent to approximately 4.9 per cent of all the shares and
votes of the Company calculated using the share count on the publication date of
the invitation to the Annual General Meeting, so the purchase of the shares does
not have a significant influence on the share ownership and the distribution of
voting rights in the Company.

The Board of Directors shall decide on other matters related to the purchase of
the Company's own shares.

The authorisation will expire at the end of the 2017 Annual General Meeting,
however no later than 18 months of the Annual General Meeting's authorisation
decision.

Minutes of the Annual General Meeting

The minutes of the Annual General Meeting are available to shareholders at the
Restamax Plc head office and on the Company's website
www.restamax.fi/en/investors/general-meeting/annual-general-meeting-2016 on 11
May 2016 or sooner.

Additional information:

Chairman of the Board of Directors Timo Laine, Restamax Plc, tel.
+358 400 626 064
CEO Markku Virtanen, Restamax Plc, tel. +358 400 836 477

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

Restamax Plc is a Finnish group established in 1996, specialising in restaurant
services and labour hire. 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 over 100
restaurants, nightclubs and entertainment centres all over Finland. Well-known
restaurant concepts of the group include Stefan's Steakhouse, Viihdemaailma
Ilona and Classic American Diner. In 2015, Restamax Plc's turnover was MEUR
113.6 and EBITDA MEUR 16.5. Depending on the season, some 1,000 persons work at
the group. The workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is
over 3,000.

Restamax company website: www.restamax.fi, Restamax consumer website:
www.ravintola.fi, Smile Labour Hire Services: www.smilepalvelut.fi

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