Panostaja Oyj - Company Announcement

PANOSTAJA OYJ'S MANAGEMENT INVESTS IN COMPANY SHARES AS PART OF A LONG-TERM INCENTIVE AND COMMITMENT PLAN

PANOSTAJA OYJ'S MANAGEMENT INVESTS IN COMPANY SHARES AS PART OF A LONG-TERM
INCENTIVE AND COMMITMENT PLAN 

PANOSTAJA OYJ                   STOCK EXCHANGE BULLETIN      16.12.2010 at 10:30

On the 16th of December 2010,Panostaja Oyj's (Panostaja) Board of Directors
decided on a new long-term incentive and commitment plan for members of the
management team. The purpose of the system is to combine the long-term
interests of Panostaja's shareholders, while strengthening the commitment that
members of the management team have to the company and enabling them to have
significant holdings in the company. 

In order to participate in the plan, members of Panostaja's management team
must personally or through the ownership of a company in which they have
controlling interest acquire a specified number of Panostaja shares and commit
to holding these shares for the effective period of the plan. The members of
the management team will fund the investment partially themselves and partially
with company financing, and they will bear full corporate risk as regards the
investment they make in the plan. Depending onPanostaja's annual operating
profit 2011--2015, the cumulative profit per share 2011--2015 and the number of
shares acquired, the management team members may be rewarded with additional
Panostaja shares. 

According to the system, the management team members may not, within the scope
of the plan, directly or through companies in which they have controlling
interest, own more than 950,000 Panostaja shares. 

In order to enable the procurement of the shares and as part of the incentive
plan, Panostaja's Board of Directors has decided to grant a loan with interest
in the amount of EUR 1,250,000 to the management team members or to companies
in which they have a controlling interest. 

Management team members who participate in the plan between 2011 and 2015 may,
based on achieved goals, be rewarded with Panostaja shares totalling 237,500.
Furthermore, possible remuneration may be paid in cash to cover the taxes and
other levies caused by the bonus. As regards shares received as a bonus,
management team members are obliged to hold the shares for at least 27 months
before divesting them. 

The above-mentioned arrangement is set to be implemented by 4 February 2011.

PANOSTAJA OYJ

Board of Directors

Additional information is available from the Vice-Chairman of the Board Jukka
Ala-Mello, tel. +358 50 5543 810 and Managing Director Juha Sarsama, puh. +358
40 774 2099.