Aktia Bank plc launches two new incentive schemes for the Group key personnel

Aktia Bank plc
Stock exchange release
29.1.2014 at 09.00 a.m.

AKTIA BANK PLC LAUNCHES TWO NEW INCENTIVE SCHEMES FOR THE GROUP KEY PERSONNEL

The Board of Directors of Aktia Bank plc has decided to launch two new share based incentive schemes for the Aktia Group key personnel, the share based incentive scheme 2014–2016 and the share ownership scheme 2014.

Both incentive schemes aim to support the long-term strategy of the Group, combine the objectives of the shareholders and the key personnel, increase the company's value, commit the key personnel to the company and offer them competitive incentives schemes based on holdings of Aktia shares.

Share based incentive scheme 2014-2016

The share based incentive scheme 2014–2016 continues the Aktia share based incentive scheme 2011–2013. The new scheme includes three earning periods, the calendar years 2014–2015, 2015–2016 and 2016–2017. The reward will be paid partly in the company's A shares and partly in cash. The proportion to be paid in cash is intended for taxes and tax-related costs arising from the reward to a key person.

The earnings criteria for the earning period 2014–2012 are based on the development of the Aktia Group's cumulated adjusted equity during the period 1 January 2014 – 31 December 2015 (NAV) (impact 50%) and of the Group's total net provision and insurance income in the period 1 January 2014 – 31 December 2015 (impact 50%).

The potential reward for each earning period will be paid out in four instalments after the end of the earning period, over a span of approximately three years. In general, no reward is paid out to a key person who, at the time of payment, no longer has an employment or a service relationship with the Aktia Group. Key personnel receiving shares through the incentive scheme shall hold all shares received for one year, and after that, half of the shares until the value of their holdings of Aktia Bank plc A shares corresponds to the their fixed annual salary.

The target group of the share based incentive scheme 2014–2016 comprises 13 key employees at present, including the Managing Director and the Executive Committee members. The maximum reward paid on the basis of the scheme may amount to 400,000 A shares in Aktia Bank plc and a cash proportion corresponding the value of the shares.

Share ownership scheme 2014

The share ownership scheme 2014 gives key personnel in Aktia the opportunity to receive Aktia shares as compensation for acquisition of Aktia A shares with private means. The compensation is paid to key personnel after approximately three years, and comprises both shares and cash. The compensation is paid out providing that the key person's employment or service continues.

The target group members of the share ownership scheme are recommended to hold the majority of the shares received through the scheme as long as they have an employment or a service relationship with the Aktia Bank plc, or as long as the value of Aktia Bank plc A shares held corresponds to their fixed annual salary.

The target group included in the share ownership scheme 2014 comprises 23 key employees at present. The maximum compensation paid on the basis of the scheme may amount to 90,000 A shares in Aktia Bank plc and a cash proportion corresponding the value of the shares.

AKTIA BANK PLC

For more information, please contact:
Dag Wallgren, Chairman of the Board of Directors, tel. +358 40 522 4648

Distribution:
NASDAQ OMX Helsinki
Central media
www.aktia.fi