Panostaja Oyj - Company Announcement

RESULT OF PANOSTAJA'S SHARE OFFERING

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE

OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED

STATES.



Panostaja Oyj  STOCK EXCHANGE RELEASE                   21.12.2010 10:15 am





RESULT OF PANOSTAJA'S SHARE OFFERING



The Board of Directors of Panostaja Oyj decided on 16 December 2010 on a share
issue based on the authorization granted by Panostaja Oyj's Annual General
meeting on 18 December 2007. In the share issue the company offered, deviating
from the shareholders' pre-emptive subscription right, up to 4,000,000 new
shares of the company to Finnish institutional investors for subscription. The
company's Board of Directors has today 21 December 2010 decided to approve the
subscriptions for the shares. The subscription price is EUR 1.45 per share,
amounting to total proceeds of EUR 5,800,000 before commissions and expenses. 

Following the share issue, the number of shares outstanding by the company will
be 51,733,110 taken into account share subscriptions for a total of 330,000 new
shares based on A options of 2006 option plan approved and published on 15
December 2010. 

The accepted subscriptions shall be paid at latest at 5 January 2011 in
accordance with the instructions given by the subscription place. The
subscription price shall be entered into the invested unrestricted equity
reserve of the company. The new shares will be registered with the trade
register on or about 11 January 2011 and will be recorded on the subscriber's
book-entry account on or about 11.1.2011. Trading in the new shares on NASDAQ
OMX Helsinki Oy commences on or about 11.1.2011. 





Panostaja Oyj

Board of Directors



Additional information: CEO Juha Sarsama + 358 40 774 2099



The information contained herein is not for release, publication or
distribution, directly or indirectly, in or into Australia, Canada, Japan,
South Africa or the United States. The information contained herein does not
constitute an offer of securities for sale in the United States, nor may the
securities be offered or sold in the United States absent registration or an
exemption from registration as provided in the U.S. Securities Act of 1933, as
amended, and the rules and regulations thereunder. There is no intention to
register any portion of the offering in the United States or to conduct a
public offering of any securities in the United States. 



The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 



Copies of this announcement are not being made and may not be distributed or
sent into Australia, Canada, Japan, South Africa or the United States.