Restamax Plc: Smile Henkilöstöpalvelut Oy signs a labour hire agreement with Holiday Club Resorts Oy

Restamax Plc

STOCK EXCHANGE RELEASE 1 July 2015 10:00 am

Smile Henkilöstöpalvelut Oy signs a labour hire agreement with Holiday Club Resorts Oy

Restamax Plc's subsidiary Smile Henkilöstöpalvelut Oy has signed a labour hire agreement with Holiday Club Resorts Oy, Europe's largest timeshare company.

Holiday Club Resorts Oy is a significant operator in the fields of holiday housing and tourism with 30 holiday resorts and more than 1,700 holiday homes in 24 municipalities in Finland. It also conducts spa and restaurant operations at six of those municipalities. The company has eight holiday resorts in Sweden, the Canary Islands and on the Costa del Sol in Spain.

The service agreement covers all Holiday Club Resorts Oy units in Finland. The agreement strengthens Smile Henkilöstöpalvelut Oy's position in its current market areas and opens up growth opportunities in brand new areas.

The agreement enters into force on 30 June 2015 and is estimated to amount to approximately MEUR 20 in total over the next 5-7 years.

Additional information:
Sami Asikainen, Managing Director, Smile Henkilöstöpalvelut Oy, tel. +358 40 700 9915

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 and became the first Finnish listed restaurant company, has continued to grow steadily throughout its history. The Group companies include approximately 100 restaurants, cafes, pubs and nightclubs throughout Finland. The Group'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