Payment of the share rewards based on the incentive program 2017-2019 intended for the key personnel

Etteplan Oyj Stock Exchange Release February 11, 2020 at 2.30 p.m. EET

Payment of the share rewards based on the share-based incentive program 2017-2019 intended for the key personnel

Etteplan’s Board of Directors has on February 11, 2020 confirmed the maximum number of shares, 84, 124, earned based on the earning period 2017‒2019 of the share-based incentive program for the company’s key personnel, and resolved on the payment of the share rewards from the shares held by the Company. In addition, Etteplan will pay in cash a proportion to cover taxes and tax-related costs arising from the reward to the some 20 people belong to the target group of the incentive plan. The share rewards will be paid on April 15, 2020.

Etteplan Oyj announced the establishment of this share-based incentive program with a Stock Exchange Release published on May 31, 2017:

” The Board of Directors of Etteplan Oyj decided on May 31, 2017, to establish a new share-based incentive plan for the Group’s key personnel. The incentive plan includes one earning period comprising the calendar years 2017-2019. The earnings criteria are Etteplan Group’s revenue increase and the development of Total Shareholder Return (TSR). The potential reward will be paid partly in the Company’s shares and partly in cash. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key personnel. Approximately 20 people belong to the target group of the incentive plan. The rewards to be paid on the basis of the plan will correspond to the value of an approximate maximum total of 260, 000 Etteplan Oyj shares (including also the proportion to be paid in cash). The shares to be paid out as potential rewards will be transferred from the shares held by the Company or shares acquired from the market and, therefore, the incentive plan will have no diluting effect on the value of the share. The potential non-recurring reward of the incentive plan will be paid after the earning period in 2020.”

Etteplan Oyj

Board of Directors

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www.etteplan.com