Panostaja Oyj Stock Exchange Bulletin, 17th March 2008 SELLING THE COMPANY'S OWN SHARES AS PART OF THE MANAGEMENT INCENTIVE SCHEME In accordance with the authorisation of the AGM on 18th December 2007, Panostaja Oyj's Board has decided to sell a total of 335,512 Panostaja Oyj own class B shares (shortname: PNABS) held by the company to members of the company's Management Team. The transaction was carried out at the Helsinki Stock Exchange in after-market trading on 12th March 2008. The trading price was the closing price on 12th March 2008, i.e. 1.07 euros per share totalling 358,997.84 euros. The transaction was made to implement an incentive scheme for Panostaja Oyj's Management Team. As a result of the transaction, the company now holds a total of 475,000 class A shares and a total of 277,488 class B shares. The holdings of members of the Management Team and permanent insiders in Panostaja Oyj and other instruments issued by Panostaja Oyj are as follows: CEO Juha Sarsama (via Pravia Oy wholly owned by him) - a total of 179,439 class B shares, one loan note with a value of 106,250 euros of the Panostaja Oyj convertible subordinated loan 2006 and, personally, 150,000 option rights 2006A. CFO Veli Ollila - a total of 100,000 class B shares, one loan note with a value of 106,250 euros of the Panostaja Oyj convertible subordinated loan 2006 and 100,000 option rights 2006A. Development Director Heikki Nuutila - a total of 46,728 class B shares. Financial Analyst Tapio Tommila - a total of 9,345 class B shares and 50,000 option rights 2006A. PANOSTAJA OYJ, BOARD OF DIRECTORS Juha Sarsama CEO This stock exchange bulletin is a translation of the original Finnish stock exchange bulletin 13th March 2008 For further information, please contact Juha Sarsama +358 40 774 2099