NEW APPOINTMENT AT PANOSTAJA OYJ – ILKKA MUJUNEN

Panostaja Oyj        Stock Exchange Bulletin, October 31, 2013, 13.00

Ilkka Mujunen M.Sc.(Tech.) (48) has been invited to become Managing Director of Heatmasters Group Oy, which is part of the Panostaja Group. Mujunen has diverse experience of international business extending back more than 20 years. He will assume his duties as Managing Director no later than November 27, 2013. The current Managing Director of Heatmasters Group Oy, Juha Saarikunnas, will continue in his duties until the new Managing Director, Ilkka Mujunen, begins, after which Saarikunnas will leave the service of the Group. We would like to thank Juha for the work he has done for Heatmasters Group.

Heatmasters Group Oy specializes in metal heat treatment services and supplying related machines and equipment. The company has its Finnish operating units in Lahti and Varkaus. It derives a significant part of its net sales from foreign associated companies located in Sweden and Poland.  

Panostaja Oyj

Juha Sarsama

CEO

Further information:

CFO

Simo Mustila

Panostaja Oyj

044 220 3300

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors.

Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories.

Panostaja Oyj operates in nine business areas, and Panostaja Group employs some 1,300 staff. Without adjustment for the sales of Matti-Ovi and Suomen Kiinnikekeskus, Panostaja Group’s net sales in the 2012 financial period were MEUR 156.8.

Panostaja’s shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange.  www.panostaja.fi