Restamax Plc: RESTAMAX PLC'S CEO TO CHANGE

Restamax Plc

STOCK EXCHANGE RELEASE 2 JANUARY 2017 at 8:00

RESTAMAX PLC'S CEO TO CHANGE

Restamax Plc's long-standing CEO Markku Virtanen will discontinue his employment at Restamax as of 30 June 2017. Mr Virtanen has served as the Group's CEO since 2005, and he is responsible for the company's business operations, result and development. Mr Virtanen will leave his post due to personal reasons.

"A member of my family has fallen seriously ill, and in the future I want to be part of my family's everyday life more than before - now it is time for my loved ones to get my undivided attention. I have reached this decision after extensive deliberation. I greatly value the people with whom I have had the pleasure of working during the past 12 years. Together we created Restamax into a stunning success story, for which I would like to express my gratitude to all our employees. During my six-month notice, I will help the Board of Directors to find a successor to lead the company," says Mr Virtanen.

"On behalf of the entire company, I wish to thank Mr Virtanen for his significant and long-term contribution to our Group. We wish him and his family all the best," says Restamax Plc founder and Chairman of the Board of Directors Timo Laine.

Currently, Restamax's Executive Team 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, Restamax Plc, tel. +358 400 836 477
Timo Laine, Chairman of the Board of Directors, Restamax Plc, tel. +358 400 626 064

Distribution:
NASDAQ OMX Helsinki
Key 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 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 113.7 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 about 3,000.

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