THE BOARD OF DIRECTORS OF ETTEPLAN OYJ RESOLVED ON KEY PERSONNEL INCENTIVE PLAN

THE BOARD OF DIRECTORS OF ETTEPLAN OYJ RESOLVED ON KEY PERSONNEL INCENTIVE PLAN 

The Board of Directors of Etteplan Oyj has approved a new share-based incentive plan for the Group key personnel. The aim of the Plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company, to commit the key personnel to the Company, and to offer them a competitive reward plan based on holding the Company shares. 

The Plan includes three earning periods, calendar years 2011, 2012 and 2013. The Board of Directors shall decide on the earnings criteria and on targets to be established for them for each earning period. The earnings criteria of the earning period 2011 are the Etteplan Group´s Operating profit (EBIT) and Net Sales.  

The potential reward from the earning period 2011 will be paid partly in the Company’s shares and partly in cash. The proportion to be paid in cash is intended cover taxes and tax-related costs arising from the reward to the key personnel. The shares cannot be transferred during a two-year restriction period. If a key person’s employment or service ends during the restriction period, he or she must gratuitously return the shares given as reward to the Company. During the earning period 2011, approximately 16 people belong to the target group of the Plan. 

The rewards to be paid on the basis of the plan from all earning periods 2011, 2012 and 2013 will correspond to the value of an approximate maximum total of 810, 000 Etteplan Oyj shares (including also the proportion to be paid in cash).

Hollola, March 10, 2011

Etteplan Oyj 

Board of Directors

Additional information:

Matti Hyytiäinen, President and CEO, tel +358 400 710 968 

DISTRIBUTION:

NASDAQ OMX Helsinki

Major media

www.etteplan.com

Etteplan is a specialist in industrial equipment engineering and technical product information solutions and services. Our customers are global leaders in their fields and operate in areas like the automotive, aerospace and defence industries as well as the electricity generation and power transmission sectors, and material flow management. 

Etteplan has comprehensive competence in electronics and embedded systems development, automation and electrical design, mechanical design and technical product information solutions and services. 

In 2010, Etteplan had turnover of EUR 104.8 million. The company currently has approximately 1, 600 employees. Etteplan’s shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.