Etteplan Oyj — Share Issue/Capital Change 2020

Feb 11, 2020

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

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

DISTRIBUTION:

Nasdaq Helsinki
Major media
www.etteplan.com

For more information, please contact:

Juha Näkki, President and CEO, tel. +358 010 307 2077
Outi Torniainen, SVP,  Marketing and Communications, tel. +358 10 307 3302

Etteplan in brief
Etteplan provides solutions for industrial
equipment (https://www.etteplan.com/services/engineering) and plant
engineering (https://www.etteplan.com/services/engineering/plant-engineering),
software (https://www.etteplan.com/services/software-and-digitalization) and
embedded solutions (https://www.etteplan.com/services/embedded-systems), and
technical documentation solutions (https://www.etteplan.com/services/product-and
-asset-information) to the world’s leading companies in the manufacturing
industry. Our services are geared to improve the competitiveness of our
customers’ products, services and engineering processes throughout the product
life cycle. The results of Etteplan’s innovative engineering can be seen in
numerous industrial solutions and everyday products.
In 2019, Etteplan had a turnover of approximately EUR 263 million. The company
currently has over 3,400 professionals in Finland, Sweden, the Netherlands,
Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd
under the ETTE ticker. www.etteplan.com