Etteplan Oyj — Share Issue/Capital Change 2023

Mar 24, 2023

Payment of Etteplan's share rewards based on the incentive plan 2020‒2022 for key personnel

Payment of Etteplan's share rewards based on the incentive plan 2020‒2022 for key personnel

Etteplan Oyj, Stock Exchange Release, March 24, 2023 at 1:00 p.m. EET

Payment of Etteplan's share rewards based on the incentive plan 2020‒2022 for
key personnel

Etteplan's Board of Directors has on March 24, 2023 confirmed the maximum number
of shares, 88,125, earned based on the earning period 2020‒2022 of the share
-based incentive plan 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 25 people belonging to the target group of
the incentive plan. The share rewards will be paid at the end of April, 2023.

Etteplan Oyj announced the establishment of this share-based incentive plan with
a Stock Exchange Release published on February 5, 2020:

”The Board of Directors of Etteplan Oyj decided on February 5, 2020, 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
2020‒2022. 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 25 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 390,000 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.”
Etteplan Oyj
Board of Directors

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

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F
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Etteplan in brief
We are a rapidly growing technology service company specializing
in software (https://www.etteplan.com/services/software-and-digitalization) and
embedded solutions (https://www.etteplan.com/services/embedded-systems),
engineering solutions (https://www.etteplan.com/services/engineering),
and technical communication solutions (https://www.etteplan.com/services/product
-and-asset-information). We are a forerunner in the engineering industry and we
differentiate ourselves by the wide-ranging competence of our experts. Our
customers include world's leading companies in the manufacturing industry. We
help them to create a better world through engineering, innovation and
digitalization.

Etteplan has lead the way in the engineering field already since 1983. In 2022,
we had a turnover of EUR 350.2 million. The company currently has some 4,000
professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and
China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE
ticker. www.etteplan.com