Incap Oyj — Remuneration Information 2016

Mar 14, 2016

INCAP

March 2016

REMUNERATION STATEMENT 2016

Information on the remuneration and other financial benefits of the Board of Directors as well as the total number of shares and stock options held by the President and CEO and the Management Team are published in the Annual Report and on the company's website.

The main criteria concerning the compensation system covering the President and CEO and other executives are decided upon by the Board of Directors and they are disclosed in the Annual Report and on the company's website.

Remuneration and other benefits of the Members of the Board

Annual General Meeting will decide on the remuneration for the Board members. The Annual General Meeting held on 31 March 2015 decided that the annual fee to be paid for Chairman of the Board is EUR 15,000 and for the Board members EUR 10,000. No fee will be paid for each meeting. Eventual travel expenses are compensated according to the travel regulations of the company.

In 2015, the fees paid to the Board members amounted to EUR 94,275. The Board members have no other financial benefits.

Remuneration of the President and CEO and the members of the management team

The Board of Directors decides on the President and CEO's salary and other benefits.

In 2015, the position of the President and CEO was held by Ville Vuori. In the respective chief executive's contract, the period of notice is six months. The retirement age is determined in accordance with the Employees' Pensions Act. If the executive contract is terminated by the company, the CEO will be paid the salary during the period of notice.

The salary paid to the President and CEO amounted to EUR 156,517 in 2015. He is further paid an incentive, the maximum amount being 45% of annual salary. During 2015, the incentive paid to the President and CEO amounted to a total of EUR 25,178.

The Management Team's terms of employment and pay are approved by the Board of Directors, which is also deciding on the Group's performance bonus system. The retirement age of the Management Team members is determined in accordance with the Employees' Pension Act.

The Management Team is paid a fixed salary, which is determined in the management contracts. In 2015, salaries and other employee benefits paid to the President and CEO and Management Team members amounted to EUR 370,223. Of the salary and remuneration paid to the President and CEO and the Management team during the financial year 2015, 93% fell for the fixed salary.

At the end of the financial year 2015, the Board members and their interest parties, the President and CEO and the Management Team members owned a total of 93,016,656 shares.

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