Panostaja Oyj Stock Exchange Bulletin, 1st February 2008 HEIKKI NUUTILA APPOINTED DEVELOPMENT DIRECTOR AT PANOSTAJA Mr. Heikki Nuutila, Master of Social Sciences, 49, has been appointed Panostaja Oyj's Development Director. Mr. Nuutila will be responsible for development of the parent company's business processes and the Group's real estate development, while also working actively to support business area managers. Mr. Nuutila has extensive experience in development of SMEs, evaluation of businesses and business models as well as business acquisitions and disposals. His strengths include sound knowledge of the real estate sector and diverse industry expertise, complete with development of customer relationship and sales management. His previous roles include CEO of Tutor Partners Oy and Director at Andersen Global Corporate Finance. ‘Mr. Nuutila's experience in SME development provides us with extra resources to achieve our growth objectives,' says Panostaja CEO Juha Sarsama. Heikki Nuutila is a member of Panostaja Group's Management Team and will assume his role as Development Director on 1st February 2008. Panostaja's target is to obtain more than 30% average growth in net turnover, including the impact of new business areas. The aim is to acquire 2 to 3 new business areas and complement existing areas through acquisitions, while also giving independence to one business area every year. PANOSTAJA OYJ Juha Sarsama CEO This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin 30th January 2008 For further information, please contact Mr. Juha Sarsama, mobile +358 (04)0 774 2099.