Alisa Bank PLC

Board/Management Information • Aug 8, 2024

Alisa Bank Plc establishes a new share-based incentive plan for key employees

Alisa Bank Plc establishes a new share-based incentive plan for key employees

ALISA BANK PLC STOCK EXCHANGE RELEASE 8.8.2024 AT 16.40 EEST

The Board of Directors of Alisa Bank Plc has resolved to establish a new share
-based incentive plan for key employees of the group. The purpose of the plan is
to align the interests of the company's shareholders and key employees to
increase the company's value in the long-term, to retain the key employees in
the company and to offer them a competitive incentive plan based on earning the
company's shares.

The Performance Share Plan 2024-2028 consists of one (1) two and a half (2,5)
year and two (2) three (3) year performance periods, concerning the financial
years 2024-2026, 2025-2027 and 2026-2028 respectively. The Board of Directors
will resolve annually on the details of a performance period.

In the plan, the target group has an opportunity to earn Alisa Bank Plc's shares
based on performance. The performance criterion of the first performance
period's 2024-2026 measurement period H2/2024 is tied to profit before non
-recurring items and taxes in H2/2024. The Board of Directors will set
performance criteria for the measurement periods 2025 and 2026 later. The target
group of the performance period 2024-2026 consists of approximately 10 key
employees, including the members of the Management Team and the interim CEO.

The potential rewards from each performance period will be paid after the end of
the performance period within approximately four (4) years in five (5)
instalments, in accordance with the financial sector legislation. Before
payment, the rewards may be reduced based on risk adjustments. The payment of
each reward instalment is followed by a one-year (1) retention period, during
which the participant cannot dispose of the shares paid as a reward.

The value of the rewards to be paid on the basis of the first performance period
corresponds to a maximum total of 1 472 109 shares of Alisa Bank Plc (including
the proportion to be paid in cash), which corresponds to approximately EUR 249
000 calculated based on the volume weighted average price of Alisa Bank Plc's
share on 7 August 2024. The potential rewards will be paid partly in Alisa Bank
Plc's shares and partly in cash. The cash proportion of the reward is intended
to cover taxes and statutory social security contributions arising from the
reward to the key employee. As a rule, no reward will be paid if the key
employee's employment or director contract terminates before the reward payment.

The Management Team member must hold 50 per cent of the received shares, until
the value of the Management Team member's total shareholding in Alisa Bank Plc
equals to 50 per cent of their annual base salary for the calendar year
preceding the payment of the reward. Correspondingly, the CEO must hold 50 per
cent of the received shares, until the value of the CEO's total shareholding in
Alisa Bank Plc equals to 100 per cent of the CEO's annual base salary for the
preceding calendar year. Such number of shares must be held for as long as the
membership in the Management Team or the position as the CEO continues.

ALISA BANK PLC

Board of Directors

More information

Markku Pohjola, Chairman of the Board, markku.pohjola@alisapankki.fi, tel. + 358
50 1654

Alisa Bank in brief

Alisa Bank (https://www.alisapankki.fi/henkiloasiakas/saastotili) is a Finnish
digital bank that helps both personal and business customers to manage their day
-to-day finances in straightforward and flexible manner. We offer comprehensive
banking services to ordinary Finns as well as to small and medium-sized
companies. Our company's shares are listed on the main list of Nasdaq Helsinki
(ALISA) and we have a authorisation granted by the Financial Supervisory
Authority. www.alisapankki.com