Restamax Plc: CHANGE IN RESTAMAX PLC EXECUTIVE TEAM

Restamax Plc

STOCK EXCHANGE RELEASE 31 March 2016 at 13:00

CHANGE IN RESTAMAX PLC EXECUTIVE TEAM

Restamax Plc's Vice CEO and Executive Team member Harri Niskanen is leaving Restamax on 1 April 2016. Niskanen has been in the service of the Group since 1 March 2015, and has been responsible, for his part, for the company's operations, development and result together with CEO Markku Virtanen.

"I would like to thank Niskanen for his significant contribution to the development of our Group, and I wish him every success for the future," says Virtanen.

From 1 April 2016, Restamax's Executive Team will consist of the following people:

Markku Virtanen, CEO
Jarno Suominen, CFO
Perttu Pesonen, Development Director
Eero Aho, Product Line Director, Food
Tanja Virtanen, Product Line Director, Food
Paul Meli, Product Line Director, Nightclubs and other entertainment
Miko Helander, Product Line Director, Nightclubs and other entertainment

Additional information:
Markku Virtanen, CEO, tel. +358 400 836 477
Jarno Suominen, CFO, tel. +358 40 721 5655

Distribution:
NASDAQ OMX Helsinki
Major media
www.restamax.fi

Restamax Plc s a Finnish Group established in 1996, specialising in restaurant services and labour hire. The company, which listed on NASDAQ OMX Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include over 100 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the group include Stefan's Steakhouse, Viihdemaailma Ilona and Classic American Diner. In 2015, Restamax Plc's turnover was MEUR 113.6 and EBITDA MEUR 16.5. Depending on the season, some 1,000 persons work at the Group. The workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is over 3,000.

Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Labour Hire Services: www.smilepalvelut.fi