PANOSTAJA STRENGHTENS IT'S ENVIRONMENTAL TECHNOLOGY BUSINESS AREA - MERGER OF EXISTING COMPANIES TO A NEW ECOSIR GROUP AND MAURI LEPONEN A NEW CEO.

Panostaja Oyj              Stock Exchange Release 29.4.2009    12:00 pm

PANOSTAJA STRENGHTENS IT'S ENVIRONMENTAL TECHNOLOGY BUSINESS AREA - MERGER OF   
EXISTING COMPANIES TO A NEW ECOSIR GROUP AND MAURI LEPONEN A NEW CEO.           

Members of Panostaja's environmental technology business area, building, area   
construction and industrial recycling and waste solution providers Ecosir Oy    
Tampere, Puztec Oy Espoo and Kospa Oy Marttila have been decided to merge to a  
new Ecosir Group Oy, a solutions provider for built environment, effective 1st  
of june 2009. The new Group will meet the growing and international demand of   
cost-effective waste collection systems, and supply solutions like              
Ecocity-projects, a subject of preparation and public interest for many years.  

In order to develop operations, internationalization and management, Mauri      
Leponen (46) has been appointed as CEO of a new Ecosir Group Oy, Harri Salomaa  
(40) Vice President Sales and Pekka Nurmi (50) Vice President Operations.       
Together they form a management team of the Company and they own 22 % of the    
total share capital of Ecosir Group Oy. In addition to these nominations and    
responsibilities, for finalizing the merger process, Harri Salomaa holds his    
position as a CEO of Ecosir Oy and Kospa Oy and Pekka Nurmi holds his position  
as a CEO of Puztec Oy.                                                          




Panostaja Oyj                                                                   


Juha Sarsama                                                                    
CEO                                                                             


Additional information:                                                         

Juha Sarsama, CEO, +358 40 774 2099                                             

Panostaja invests in Finnish small and medium-sized enterprises operating in    
traditional industries. The objective is to raise the target company to become a
major player in its field according to a pre-determined schedule. At present,   
the company operates in 13 business areas. Turnover for the Panostaja Group in  
the financial year 2008 was 121 million euros. Panostaja Oyj's share is listed  
at Helsinki Stock Exchange (OMX) Small Cap -list. www.panostaja.fi