Restamax Plc: THE BOARD OF DIRECTORS OF RESTAMAX PLC RESOLVED ON SHARE-BASED INCENTIVE PLAN FOR KEY EMPLOYEES OF THE COMPANY

Restamax Plc

STOCK EXCHANGE RELEASE 30 NOVEMBER 2018 at 2:00 pm

THE BOARD OF DIRECTORS OF RESTAMAX PLC RESOLVED ON SHARE-BASED INCENTIVE PLAN FOR KEY EMPLOYEES OF THE COMPANY

The Board of Directors of Restamax Plc has resolved on a new long-term share-based incentive plan targeted to key employees of the company. The aim of the incentive plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the company as well as to engage the key personnel to the company and to offer them a competitive incentive plan based on share ownership and development of the company's value.

The new share-based incentive plan contains three earning periods. The first 13 months earning period starts on 1.12.2018 and ends on 31.12.2019. The second 24 months earning period covers calendar years 2020-2021, and the third 24 months earning period covers calendar years 2022-2023. The company's Board of Directors determines the performance measures and their target levels as well as the employees covered by the incentive plan at the beginning of each earning period. The potential reward to be paid during the earning periods may be paid as shares, cash payment or as a combination of shares and cash payment.

During the first earning period a maximum amount of 214 282 Restamax Plc's shares can be paid to the key employees based on the achieved target levels on the EBIT-margin of the Finnish operations and the EBITDA of the foreign business operations.

The Board of Directors anticipates that if the reward is fully paid in shares, the maximum dilutive effect on the number of the company's registered shares for the first earning period is 1.1 %. The incentive plan will cover 12 key employees of the company executive team in the first earning period.

RESTAMAX PLC

The Board of Directors

Additional information:
Jarno Suominen, CFO, Restamax Plc, tel. +358 40 721 5655

Distribution:
Nasdaq Helsinki
Major media
www.noho.fi

Restamax Plc is a Finnish group established in 1996, specialising in restaurant services and labour hire. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 220 restaurants, nightclubs and entertainment centres all over Finland. The company also has restaurant business operations in Denmark. In June 2018, the company purchased Royal Ravintolat. Well-known restaurant concepts of the Group include Stefan's Steakhouse, Viihdemaailma Ilona, Classic American Diner, Hanko Sushi, Sandro, Savoy and Teatteri. In 2017, Restamax Plc's turnover was MEUR 185.9 and EBITDA MEUR 22.4. Depending on the season, the Group employs approximately 4,000 people converted into full-time workers. Restamax's subsidiary Smile Henkilöstöpalvelut Oyj employs approximately 10,000 people during the 2018 financial period. Restamax is changing its name to NoHo Partners Plc to better reflect its future goals and opportunities. The name change will enter into force in December 2018.

Restamax corporate website: www.noho.fi
Restamax consumer website: www.ravintola.fi
Royal Ravintolat: www.royalravintolat.fi
Smile Henkilöstöpalvelut: www.smilepalvelut.fi