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2016-01-18

Restamax Oyj: Restamax Plc, Eiran Musiikkiteatteri Oy and Musiikkiteatteri Palatsi Oy reach agreement on contractual dispute

Restamax Plc
STOCK EXCHANGE RELEASE 18/01/2016, 15:00

Restamax Plc, Eiran Musiikkiteatteri Oy and Musiikkiteatteri Palatsi Oy reach
agreement on contractual dispute
Restamax Plc, Eiran Musiikkiteatteri Oy and Musiikkiteatteri Palatsi Oy have
signed a conciliation agreement concerning case L 13/2199 that was pending at
Helsinki District Court.

The case concerned an agreement signed on 23 August 2012 between
Musiikkiteatteri Palatsi Oy and Restamax Plc regarding the acquisitions of
certain assets, the transfer of certain liabilities to Restamax Plc and the
purchase and sales of certain performances.

According to the terms of the conciliation agreement, Musiikkiteatteri Palatsi
Oy commits to paying EUR 80,000 in damages to Restamax Plc. Restamax Plc
abandons all other claims except those laid down in the agreement signed on
18 January 2016. Restamax's subsidiary Eiran Musiikkiteatteri Oy abandons all
claims, as does Musiikkiteatteri Palatsi Oy. With the conciliation agreement,
the parties do not have any claims to each other under the agreement signed
on 23 August 2012.

The parties do not make public the other terms and conditions of the
conciliation agreement.

Additional information:

Markku Virtanen, CEO, Restamax Plc, tel. +358 400 836 477
Jarno Suominen, CFO, Restamax Plc, tel. +358 40 721 5655

Distribution:

NASDAQ OMX Helsinki
Major media
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 NASDAQ OMX
Helsinki Oy in 2013 as the first Finnish restaurant company, has continued to
grow strongly throughout its history. The Group companies include some 100
restaurants and nightclubs throughout Finland. The company's well-known
restaurant concepts include 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 the EBITDA was MEUR 12.0.

Restamax company website: www.restamax.fi, Restamax consumer website:
www.ravintola.fi

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Restamax Oyj via Globenewswire

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