The Board of Directors of Aktia plc introduces a new incentive scheme for key personnel in the Group

Aktia plc
Stock Exchange Release
5.5.2011 at 3.30 p.m.

The Board of Directors of Aktia plc introduces a new incentive scheme for key personnel in the Group

Today, the Board of Directors of Aktia plc has decided on a new share-based incentive scheme for key personnel in Aktia Group, including the Managing Director and Executive Committee members.

The reward will be paid partly as the A shares in Aktia plc 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 incentive scheme is divided in two parts.

The first part of the scheme is based on earnings criteria and includes three earning periods; the calendar years 2011 – 2012, 2012 – 2013 and 2013 – 2014. The earnings criteria for the earning period 2011 – 2012 are based on the development of the Aktia Group's cumulated adjusted equity during the period 1 January 2011– 31 December 2012 (NAV) (impact 50%) and of the Group's total net provision and insurance income in the period 1 January 2011– 31 December 2012 (impact 50%).

The potential reward for each earning period will be paid in four instalments over a time of approximately three years after each earning period. The Board of Directors has stipulated a maximum level for the reward per key person. In general, the reward is not paid to a key person who is no longer employed by the Aktia Group at the time of payment of rewards.

The second part of the scheme enables key personnel to receive also a conditional reward on the basis of acquisition of A shares in Aktia plc when the incentive scheme is implemented. This conditional reward is paid to key personnel by the end of April 2016 at the latest, and it consists of both shares and cash providing that the key person is employed by the Aktia Group, and that the shares required for payment of the conditional reward have not been transferred, at the time of payment of rewards.

Key persons are obliged to hold half of all shares received through the incentive scheme until the total value of the shares amounts to the value of their gross annual salary. They shall hold the shares throughout their employment in the Group.

The maximum reward paid on the basis of the scheme may amount to 401,200 A shares in Aktia plc and a sum in cash corresponding the value of the shares. The new incentive scheme has been prepared in accordance with new regulations concerning remuneration schemes in the financial sector.

AKTIA PLC

For more information, please contact:
Dag Wallgren, Chairman of the Board, tel. +358 9 6187 7225

From:
Malin Pettersson, Head of Communications, tel. +358 10 247 6369

Distribution:
Nasdaq OMX Helsinki Ltd
Central media
www.aktia.fi