Panostaja Oyj - Decisions of general meeting

PANOSTAJA OYJ'S ANNUAL GENERAL MEETING, 26 JANUARY 2009

Panostaja Oyj    Stock Exchange Bulletin     26th January 2009, 12:00p.m. 



PANOSTAJA OYJ'S ANNUAL GENERAL MEETING, 26 JANUARY 2009                         


Panostaja Oyj's Annual General Meeting was held on Monday 26th of January 2009  
in Tampere.                                                                     

The AGM adopted the financial statements presented for the financial year 1st   
November 2007-31st October 2008 and the Board'sproposal to transfer the profit  
for the period to retained earnings and to distribute EUR 0.12 per share in     
dividends was approved. The record date for dividend payment is 29th January    
2009 and the payment date is as from 5th January 2009.In addition, the AGM      
discharged the Board of Directors and the Chief Executive Officer from          
liability.                                                                      

The AGM re-elected Matti Koskenkorva, Jukka Ala-Mello, Hannu Tarkkonen, Hannu   
Martikainen and Hannu Ketola to Panostaja Oyj's Board of Directors. The AGM     
elected Eero Suomela, APA, and PricewaterhouseCoopers Oy, APA, as principal     
auditors and Janne Rajalahti, APA, as the responsible auditor.                  

The AGM also approved the following proposal by the Board and revoked the   
previous authorisation granted at the AGM on 18th December 2007 concerning      
buying back own shares:                                                         

The AGM authorised the Board to decide on buying back own shares in one or more 
lots. The decision(s) to buy back own shares must be limited to 4.740.311 shares
or to a smaller amount of shares, that together with the own shares owned by or 
pledged to the Company or its subsidiaries, is one tenth of all the shares in   
the Company, i.e. 4.740.311 shares.                                             

The shares will be bought in disproportion to shareholdings in public trading   
organised by the NASDAQ OMX Helsinki Ltd. at their current price in public      
trading at the time of purchase. The Purchases will be executed in accordance to
the rules of NASDAQ OMX Helsinki Ltd. and Finnish Central Securities Depository 
Ltd.                                                                            

Authorisation is valid for 18 months of the AGM's authorisation decision.       
Authorisation revokes the authorisation of the Board to decide on buying back   
own shares given by previous AGM.                                               

The Board held an organisational meeting immediately after the AGM finished and 
it was agreed that Matti Koskenkorva would continue as Chair.                   



PANOSTAJA OYJ                                                                   

Juha Sarsama                                                                    
CEO                                                                             

This stock exchange bulletin is a translation of the original Finnish stock     
exchange bulletin 26th January 2009                                             

For further information, please contact Juha Sarsama +358 40 774 2099