Proposal for composition of the Board of Directors of Aktia Bank plc in 2016 and remuneration

Aktia Bank Plc
Changes board/management/auditors
13.11.2015 at 12.00 a.m.

The presiding officers of Aktia Bank plc's Board of Supervisor prepare appointments of the Board of Directors of Aktia Bank plc and present a proposal for the remuneration of the members of the Board of Directors to the Board of Supervisors for decision.

The presiding officers propose that the number of members of the Board of Directors be increased to nine (2015: seven).

The presiding officers propose re-election of the following members of the Board of Directors: Sten Eklundh, Kjell Hedman, Catharina von Stackelberg-Hammarén, Arja Talma, Dag Wallgren and Nina Wilkman. For more information about the present members of the Board of Directors, please see www.aktia.com/Corporate Governance/Board of Directors. As new members of the Board of Directors, the presiding officers propose Christina Dahlblom (37), M.Sc. (Econ.), Managing Director and owner of Dahlblom & Sparks Oy, Stefan Damlin (47), M.Sc. (Econ.), Managing Director of Wärtsilä Finland Oy, Lasse Svens (53), M. Sc. (Econ.) treasurer of the foundation Stiftelsen för Åbo Akademi.

The term of the nominated candidates is the calendar year 2016, with the exception of Christina Dahlblom, whose term is the period 1 April – 31 December 2016.

Further, the present Chair Dag Wallgren is proposed to be appointed as Chair and the present Vice Chair Nina Wilkman as Vice Chair of the Board of Directors.

In order to recruit and retain competent persons to the Board of Directors, the presiding officers propose a 5% higher annual remuneration for members of the Board of Directors, following their increased responsibility and the restrictions put on members of a credit institution's Board of Directors. Thus the following annual remuneration is proposed:

Chair              EUR 61,200 p.a.                   (2015: 58,300)

Vice Chair       EUR 34,650 p.a.                   (2015: 33,000)

Member          EUR 27,140 p.a.                   (2015: 25,850)

  The total increase in annual remuneration is proposed to be paid in the form of Aktia series A shares, so that 40 (2015:35)% of the annual remuneration is paid in the form of series A shares. The remuneration for attended meetings is proposed to remain unchanged, i.e. EUR 500 per attended meeting and EUR 1,000 per committee meeting to committee chairs.

The Board of Supervisors of Aktia Bank plc convenes on 8 December 2015 to elect the members of the Board of Directors and to confirm the remuneration for board members in the calendar year 2016.

For more information about the Board of Directors of Aktia Bank plc and remuneration, see www.aktia.com /Corporate Governance.

AKTIA BANK PLC

For more information, please contact
Håkan Mattlin, Chair of the Board of Supervisors, tel. +358 500 459 059

From:
Mia Bengts, Legal Counsel, tel. +358 10 247 6348

Distribution:
Nasdaq OMX Helsinki, mass media, www.aktia.fi