Cramo Oyj - Company Announcement

Cramo Board decided on new incentive programs

Vantaa, Finland, 2012-05-04 08:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc        
Stock Exchange Release   4 May 2012 at 9.00 am Finnish time (GMT+2) 

Cramo Board decided on new incentive programs

Cramo Plc announced in a Stock Exchange Release on 23 March that the Company
plans to launch an Employee Share Savings Plan to its personnel world-wide and
an incentive plan for the Group key employees. The Board of Directors has now
decided on the new incentive programs as follows. 

One Cramo share plan for the Cramo employees

The Board of Directors approved the terms and conditions of the One Cramo Share
Plan (Plan) for the commencing Plan Period. The aim of the Plan is to encourage
Cramo employees to become shareholders in the Company and to reward the
employees for their efforts in working toward Cramo's goals. Another objective
is to strengthen the tie between Cramo shareholders and employees. 

The intention is to offer the plan in all of the 16 Cramo countries to
approximately 2,830 employees. However, a few countries may be ruled out at
this phase due to local legal or administrative restraints. The Plan Period
will begin on 1 October 2012 and end on 30 September 2013. The maximum monthly
saving is 5 % and the minimum is 2 % of each participant's monthly gross
salary. The total amount of all savings from the Plan Period may not exceed EUR
4 million. The savings are automatically used to purchase Cramo shares for the
participants at market price. 

In return, each participant will receive one free matching share for every two
acquired savings shares. Matching shares will be delivered to a participant if
the participant holds the acquired shares from the plan period until the end of
the designated holding period, 15 May 2016, and if his or her employment with a
company has not been terminated on the last day of the holding period on bad
leaver terms. 

An employee will participate in the Plan for one year at a time. Shares will be
acquired with the accrued savings at the market price quarterly, after the
publication date of the Cramo interim results, commencing from Q4/2012 release.
Any dividends paid on purchased shares during the commencing Plan period will
automatically be reinvested into additional shares on the following purchase
date. These shares will have an equal right to matching shares. 

Key employees' incentive plan

The Board of Directors of Cramo Plc has resolved on a new share-based incentive
plan for the Group Management Team and key employees. The aim of the new plan
is to combine the objectives of the shareholders and key employees in order to
increase the value of the Company, to commit key employees to the Company, and
to offer them a competitive reward plan based on long-term shareholding in the
Company. 

The new Performance Share Plan (Plan) consists of three discretionary periods,
calendar years 2012, 2013 and 2014. The Board of Directors of the Company will
decide on the Plan's performance criteria and on their targets at the beginning
of each discretionary period. The potential reward from the Plan for the
discretionary period 2012 will be based on the Cramo Group´s key figure
Earnings per Share (EPS) and the potential reward will be paid partly in the
Company's shares and partly in cash in spring 2015. The cash proportion will
cover taxes and tax-related costs arising from the reward to a key employee. No
reward will be paid, if a key employee's employment or service ends before the
reward payment. 

Each member of the Group Management Team must hold a half of shares paid on the
basis of the Plan until the value of his or her shareholding in the Company in
total corresponds to the value of his or her annual gross salary. Such number
of shares must be held as long as his or her employment or service in a Group
company continues. 

The maximum reward to be paid on the basis of the now decided first
discretionary period (discretionary period 2012) corresponds to the value of
approximately 330,000 Cramo Plc shares (including also the proportion to be
paid in cash). 

Vantaa, 4 May 2012

CRAMO PLC
Board of Directors



Further information
Vesa Koivula, President and CEO, tel. +358 40 510 5710
Martti Ala-Härkönen, CFO, tel. +358 40 737 6633



Distribution
NASDAQ OMX Helsinki Ltd.
Major media
www.cramo.com



Cramo is Europe's second largest rental services company specialising in
construction machinery and equipment rental and rental-related services, as
well as the rental and sale of modular space. Cramo operates in fifteen
countries with over 400 depots. With a group staff close to 2.700, Cramo's
consolidated sales in 2011 was EUR 680 million. Cramo shares are listed on the
NASDAQ OMX Helsinki Ltd. Further information: www.cramo.com