Elisa Oyj — Remuneration Information 2021

Dec 16, 2021

The Board of Directors of Elisa Corporation resolved on incentive plan for key empoloyees

The Board of Directors of Elisa Corporation resolved on incentive plan for key empoloyees

ELISA CORPORATION STOCK EXCHANGE RELEASE 16 DECEMBER 2021 AT 5:00 PM

The Board of Directors of Elisa Corporation has on 4 March 2021 approved a share
-based incentive plan for the Group key employees. The aim of the plan is to
align the objectives of the shareholders and the key employees in order to
increase the value of the Company in the long-term, to retain the key employees
at the Company, and to offer them a competitive reward plan that is based on
earning and accumulating the Company´s shares. The Performance Share Plan is
directed to approximately 200 people, including the members of the Corporate
Executive Board. The Performance Share Plan includes three three-year
performance periods, calendar years 2021–2023, 2022–2024 and 2023–2025.

The Board of Directors of the Company has now resolved on the Plan’s performance
criteria and required performance levels for each criterion for the performance
period 2022–2024. The potential reward of the Plan from the performance period
2022–2024 will be based on the Group’s Earnings per Share (EPS, weight 60%), on
the International Digital services growth (weight 20%), on Employee Engagement
(weight 10%) and annual progress in specific key business growth targets (weight
10%).

The rewards to be paid on the basis of the performance period 2022–2024
correspond to the value of a maximum total of 360.500 Elisa Corporation shares
(including also the proportion to be paid in cash). The potential reward on the
basis the performance period 2022–2024 will be paid partly in the Company’s
shares and partly in cash in 2025. The cash proportion is intended to cover
taxes and tax-related costs arising from the reward to the participant. As a
rule, no reward will be paid, if a participant’s employment or service ends
before the reward payment.

The CEO of the Company and a member of the Corporate Executive Board must hold a
minimum of 50 per cent of the net shares given on the basis of the plan, until
the CEO’s shareholding in the Company in total corresponds to the value of his
annual salary and, respectively, the member’s shareholding in the Company in
total corresponds to the value of half of his or her annual salary.

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 50 520 5555

Distribution:

Nasdaq Helsinki
Principal media
elisa.com