Stock exchange releases Restamax Plc: PROPOSALS BY THE SHAREHOLDERS OF RESTAMAX PLC TO THE GENERAL MEETING Restamax PlcSTOCK EXCHANGE RELEASE 17 April 2015 at 14:15 PROPOSALS BY THE SHAREHOLDERS OF RESTAMAX PLC TO THE GENERAL MEETING The shareholders representing a total of more than 52.8% of the shares and votes of Restamax Plc have announced to the Board of Directors that they will at the Annual General Meeting on 22 April 2015 propose that the annual compensation paid to Members of the Board be set at €20 000 per annum for the Chairman and Vice-Chairman and €10 000 per annum for each Member of the Board. The aforementioned shareholders propose that separate attendance allowance or reimbursement for travelling expenses will not be paid. The aforementioned shareholders have also announced to the Board of Directors that they will propose at the Annual General Meeting that the Board of Directors comprise six (6) members and that the current members Timo Laine Petri Olkinuora Mikko Aartio Jarmo Viitala and Mika Niemi be re-elected. In addition Timo Everi will be proposed as a new Member of the Board. The proposed persons have given their consent to the appointments. The said shareholders propose that Timo Laine continue as Chairman of the Board and Petri Olkinuora continue as the Vice-Chairman. Among the proposed Members of the Board three (Laine Aartio and Niemi) are dependent of the Company so the proposed composition of the Board does not meet the recommendation 14 of the Finnish Corporate Governance Code where it indicates that more than half of the members of the Board should be independent of the Company. Furthermore the proposed composition of the Board does not meet Recommendation 9 of the Corporate Governance Code for Listed Companies in Finland that both genders should be represented on the Board. The aforementioned shareholders justify the proposed composition of the Board with the acquisition of Rengasravintolat Group that took place during the previous financial period and with the functional capacity of the proposed composition of the Board taking into account the challenges posed by the company's operations and development phase. More information about the proposed members is appended to this press release and available on the Company website at www.restamax.fi/en/investors/general-meeting/annual-general-meeting-2015/. The invitation to the Annual General Meeting of Restamax Plc was published as a stock exchange release on 31 March 2015. Additional information: Timo Laine Restamax Plc Chairman of the Board of Directors tel. +358 400 626 064 Jarno Suominen Restamax Plc CFO tel. +358 40 721 5655 Distribution: NASDAQ OMX Helsinki Major media channels www.restamax.fi Restamax Plc is a Finnish restaurant business group established in 1996 that also offers labour hire services. The company which listed on the NASDAQ OMX Helsinki stock exchange in 2013 and became the first Finnish listed restaurant company has continued to grow steadily throughout its history. The Group companies include approximately 100 restaurants cafés pubs and nightclubs all over Finland. The Group's well-known restaurant concepts include among others the von Trappe restaurants Bodega Salud Viihdemaailma Ilona American Diner Daddy's Diner Stefan's Steakhouse and the Galaxie and Space Bowling & Billiards entertainment centres. Restamax Plc employs between 900 and 1 100 people depending on the season. The turnover for 2014 was MEUR 86.7 and EBITDA MEUR 12.0. Restamax company website: www.restamax.fi Restamax consumer website: www.ravintola.fi The proposed members of the Restamax Plc’s board of directors 2015
