Panostaja Oyj Stock Exchange Bulletin, 11th March 2010, 05:00 p.m. PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE COMPANY With reference to Board meeting fees, Panostaja Oyj's AGM decided on 27th January 2010 that about 40% of the fee paid to a board member should be paid in accordance with the share issue authorisation given to the Board by transferring company shares to each Board member unless a Board member should already own more than one per cent of the total share capital on the date of the AGM. If a Board member's holding in the company on the date of the AGM should exceed one per cent of the total share capital, the fee shall be paid fully in cash. Panostaja Oyj's Board also decided at its organisational meeting held upon completion of the AGM to implement the AGM decision concerning Board member fees paid as shares in such a way that shares are transferred on a quarterly basis on the date following publication of the quarterly/annual report. According to decisions taken at the AGM and by the Board, Panostaja Oyj today transferred to Board members a total of 7,023 shares as part of their Board meeting fees as follows: Fees for the chairman of the Board Matti Koskenkorva have been paid fully in cash, as Matti Koskenkorva's holding on the date of the AGM exceeded the one per cent limit set by the AGM. Matti Koskenkorva's holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 6,124,452 shares. A total of 1,915 shares were transferred to the vice chairman of the Board Jukka Ala-Mello. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 20,104 shares. A total of 1,277 shares were transferred to Board member Hannu Ketola. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 18,401 shares. A total of 1,277 shares were transferred to Board member Hannu Martikainen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 45,401 shares. A total of 1,277 shares were transferred to Board member Hannu Tarkkonen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 40,401 shares. A total of 1,277 shares were transferred to Board member Satu Eskelinen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 1,277 shares. As a result of the transfer, the company holds a total of 1,276,601 shares. PANOSTAJA OYJ, BOARD OF DIRECTORS Juha Sarsama CEO For further information, please contact Juha Sarsama +358 40 774 2099
PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE COMPANY
| Source: Panostaja Oyj