Caverion Oyj - Other information disclosed according to the rules of the Exchange

New plan period to begin in Caverion’s long-term incentive plan for senior management

Caverion Corporation Stock exchange release December 21, 2017 at 9.00 a.m. EET
New plan period to begin in Caverion’s long-term incentive plan for senior
management

Caverion's Board of Directors has approved the commencement of a new plan period
for 2018-2020 in the share-based long-term incentive plan for the senior
management of the Group. The share-based incentive plan consists of Performance
Share Plan (PSP) as the main structure supported by Restricted Share Plan as a
complementary structure for specific situations. Any potential share rewards
will be delivered in the spring 2021.

The plan is based on a rolling long-term incentive structure originally
announced on December 18, 2015. Both plans consist of annually commencing
individual plans, each with a three-year period. The commencement of each new
plan is subject to a separate decision of the Board. The share-based incentive
plan forms part of the incentive and commitment programme for the senior
management of Caverion Group. The key aim is to align the interests of the
shareholders and the senior management in order to promote shareholder value
creation and to commit the key senior management to the company and its
strategic targets and to offer them a competitive reward plan based on the
ownership of the company’s shares.

Performance Share Plan 2018-2020

Performance Share Plan 2018-2020 may include a maximum of approximately 120
members of senior management and key employees of Caverion Group. The three-year
plan period consists of a one-year operative financial performance period,
followed by a two-year share price performance period. The potential share
reward is based on the targets set for the year 2018 for earnings per share and
operating cash flow before financial and tax items. If all targets will be met,
the share rewards based on Performance Share Plan 2018-2020 will comprise a
maximum of 850,000 Caverion shares (gross before the deduction of applicable
payroll tax). Final participant selection and maximum share allocations will be
decided early 2018.

The Performance Share Plan contains a maximum value for the share reward payable
to an individual participant. If the value of the share reward would at the time
of payment exceed a maximum value set by the Board, the exceeding portion of the
reward will not be paid. A person participating in the plan has the possibility
to earn a share reward only if his/her employment continues until the payment of
the reward.

Restricted Share Plan 2018-2020

Share allocations within the Restricted Share Plan 2018-2020 will be made for
individually selected key employees in special situations. Under the
complementary Restricted Share Plan each individual plan consists of a three
-year vesting period after which the allocated share rewards will be delivered
to the participants provided that their employment with Caverion continues until
the delivery of the share reward. The maximum number of Caverion shares that may
be allocated and delivered within the Restricted Share Plan 2018-2020 totals
approximately 85,000 shares (gross before the deduction of applicable payroll
tax).

Other information

Caverion applies a share ownership recommendation policy for the members of the
Group Management Board, according to which the members should retain at least 50
per cent of the share rewards received (net shares after the deduction of
applicable payroll tax) under the share-based incentive plans until the share
ownership of these individuals in Caverion amounts to at least his/her annual
gross base salary.

The Board of Directors anticipates that no new shares will be issued in
connection with the new incentive plan and, therefore, the plans will have no
dilutive effect on the number of the company’s registered shares. The Board,
under all circumstances, has the right to make adjustments and to amend terms of
the above plans as stipulated in the respective terms and conditions of the
plans.

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com
For additional information, please contact:

Minna Schrey-Hyppänen, Head of Human Resources, tel. +358 40 556 8144,
minna.schrey@caverion.com

Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328,
milena.haeggstrom@caverion.com
Caverion designs, builds, operates and maintains user-friendly and energy
-efficient technical solutions for buildings, industries and infrastructure. Our
services and solutions are used in commercial and residential buildings and on
industrial and public sector properties, as well as in processes, ensuring
business continuity, safety, healthy and pleasant surroundings, optimal
performance and cost management. Our vision is to be a leading European provider
of advanced and sustainable life cycle solutions for buildings and industries.
Our strengths include technological expertise and comprehensive services,
covering all technical disciplines throughout the entire life cycles of
properties and industrial plants. Our revenue in 2016 was approximately EUR 2.4
billion. Caverion has about 17,000 employees in 12 countries in Northern,
Central and Eastern Europe. Caverion’s shares are listed on Nasdaq
Helsinki. www.caverion.com (http://www.caverion.fi/), Twitter: @CaverionGroup

Attachments:

12204035.pdf