Uponor - Company Announcement

Directed share issue under the management share-based incentive plan for 2012-2014

<span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Uponor Corporation               Stock exchange release           
   12 February 2015      8:12 EET</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Directed share issue under the management share-based incentive
plan for 2012-2014</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;"><span style="font-family:Verdana, Geneva,
sans-serif;">Ba</span>sed on the authorisation granted by the Annual General
Meeting on 15 March 2012, Uponor's Board of Directors has decided on a directed
share issue to the company's management, as part of the long-term share-based
incentive plan 2012-2104. Based on the Board's decision, Uponor will transfer,
without payment, 42,818 of the company's own shares to 10 key employees, as
specified in the rules of the plan.</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Share-based incentive programmes are part of Uponor's total
management remuneration package, with the purpose of incentivising and
motivating management and aligning the targets of management with
shareholders.</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">The reward in the LTI Plan 2012-2014 consisted of the following
parts:</span><span style="font-family:Verdana, Geneva, sans-serif;">1) The matching share
incentive based on own investment with a three year vesting period</span><span style="font-family:Verdana, Geneva, sans-serif;">2) A performance share
plan that depended on the company's earnings performance over a three-year
performance period.</span><span style="font-family:Verdana, Geneva, sans-serif;">Further details are
available in the stock exchange release announced on 2 March
2012.</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">No new shares will be issued in connection with the plan and
therefore the plan will have no diluting effect. Prior to this directed issue,
Uponor held a total of 140,378 of its own shares, of which 97,560
remain.</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;"></span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Further information: </span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Mr Jorma Eloranta, Chair of the Board, e-mail:</span>jorma.eloranta@kolumbus.fi<span style="font-family:Verdana, Geneva,
sans-serif;"> or call requests through: Ms Päivi Dahlqvist, Executive
Assistant, Uponor, Tel +358 20 129 211.</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;"></span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Uponor Corporation</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;"></span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">Tarmo Anttila</span><span style="font-family:Verdana, Geneva, sans-serif;">Vice President,
Communications</span><span style="font-family:Verdana, Geneva, sans-serif;">Tel. +358 20 129
2852</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;">DISTRIBUTION:</span><span style="font-family:Verdana, Geneva, sans-serif;">NASDAQ Helsinki</span><span style="font-family:Verdana, Geneva, sans-serif;">Media</span><span style="font-family:Verdana, Geneva,
sans-serif;">www.uponor.com</span></span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;"></span></span><span style="font-size:9pt;"><em style="font-family: verdana, geneva,
sans-serif; font-size: 9pt;">Uponor is a leading international provider of
plumbing and indoor climate solutions for residential and commercial building
markets across Europe and North America. In Northern Europe, Uponor is also a
prominent supplier of infrastructure pipe systems. The Group employs approx.
4,000 persons, in 30 countries. In 2014, Uponor's net sales exceeded €1
billion. Uponor Corporation is listed on NASDAQ Helsinki in Finland.
www.uponor.com</span><span style="font-size:9pt;"><span style="font-family:Verdana, Geneva,
sans-serif;"></span></span>