Restamax Plc: CHANGES TO THE RESTAMAX EXECUTIVE TEAM

Restamax Plc

STOCK EXCHANGE RELEASE 7 August 2017, 6 pm

CHANGES TO THE RESTAMAX EXECUTIVE TEAM

Tomi Söderström (born 1972) has been appointed as Restamax Plc's Director of Operations and a member of the Executive Team as of 18 September 2017. He will be in charge of managing and developing the restaurant operations together with the product line management.

Söderström will transfer to Restamax from the HYY Group, where he has served as the Director of Hospitality Business and a member of the Board of Directors. Between 2008-2016, Söderström worked at Tallink Silja Oy as Head of Restaurant Services in charge of restaurant operations on Silja Line branded cruise ships, Customer Experience Manager in charge of developing the customer experience, and as Product Manager in charge of restaurant-related restaurant products and concepts.

Tero Kaikkonen (born 1976) has been appointed as Restamax Plc's Development Director and a member of the Executive Team as of 1 September 2017. He will handle project and development tasks in the restaurant business and serve as the person in charge of product development, concepts and business ideas.

Kaikkonen has worked as Product Line Director for Restamax's food restaurants since 2013, his area of responsibility focusing on diner restaurant operations and their development. He has been employed by the company since 2011.

"These appointments enable us to strengthen our management and incorporate additional competence into our organisation to support the growth of the entire Group. We hope to harness Kaikkonen's extensive experience and expertise regarding the Group and the restaurant field as a whole even more efficiently than before. Söderström's diverse and international experience, in turn, will serve to support our growth on the domestic market alongside our goals of expanding our business abroad," Restamax's temporary CEO Jarno Suominen says.

As of 18 September 2017, Restamax's Executive Team will consist of the following people:

Juha Helminen, CEO
Jarno Suominen, CFO
Tomi Söderström, Director of Operations
Tero Kaikkonen, Development Director
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

Juha Helminen will step in as Restamax's CEO on 1 September 2017. The company's temporary CEO Jarno Suominen will continue in his current position until 31 August 2017, after which he will continue as the Group's CFO.

Photos of Tomi Söderström and Tero Kaikkonen are appended to this release.

Additional information:
Jarno Suominen, temporary CEO, CFO, Restamax Plc, tel. +358 40 721 5655
Timo Laine, Chairman of the Board of Directors, Restamax Plc, tel. +358 400 626 064

Distribution:
NASDAQ Helsinki
Major media
www.restamax.fi

Restamax Plc  is 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 some 120 restaurants, nightclubs and entertainment centres all over Finland. Well-known restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma Ilona, Classic American Diner and Colorado Bar & Grill. In 2016, Restamax Plc's turnover was MEUR 130.1 and EBITDA MEUR 19.4. Depending on the season, some 1,100 persons converted into full-time employees work at the Group. The workforce of Restamax subsidiary Smile Henkilöstöpalvelut Oy is about 4,500.

Restamax company website: www.restamax.fi, Restamax consumer website: www.ravintola.fi, Smile Henkilöstöpalvelut: www.smilepalvelut.fi