Cramo Oyj - Company Announcement

Cramo Plc plans new incentive programs

Vantaa, Finland, 2012-03-23 15:40 CET (GLOBE NEWSWIRE) -- Cramo Plc    Stock
Exchange Release 23 March 2012, at 4.40 pm Finnish time (GMT+2) 

Cramo Plc plans new incentive programs

At today's AGM, the Chairman of the Board of Cramo Plc, Mr Stig Gustavson, told
in connection with the authorisations given to the Board of Directors that the
company intends to introduce new incentive programs: 

CRAMO PLC PLANS TO LAUNCH AN EMPLOYEE SHARE SAVINGS PLAN (ESSP) TO ITS
PERSONNEL WORLD-WIDE 

Cramo plans to launch an ESSP to be offered for all Cramo employees. The
objective of the Cramo ESSP is to strengthen the tie between the Cramo
shareholders and employees by encouraging all Cramo employees to become and
remain shareholders in the company. The aim is to increase and encourage
long-term employee interest and involvement in Cramo's business and development
globally. 

An ESSP is a new type of incentive plan in Finland but it is a widely used
instrument internationally. Participation in the ESSP will be strictly
voluntary and will provide that an employee invests in Cramo shares. 

Employees are offered an opportunity to save a maximum 5 % of their salary. The
accumulated savings are used for share purchases. After approximately 3 years,
each participant is awarded 1 matching share from the company free of charge
for each 2 purchased shares, provided that the initially purchased shares are
retained and the participant's employment continues. Matching shares are paid
as a combination of shares and cash for taxes. 

The plan is intended to be offered to eligible employees in countries where
there are no legal, tax or administrative restraints for participation. 

The intention of the Board of Directors is to make its final decision on the
launch in the summer of 2012, with savings estimated to begin in October 2012. 


THE BOARD OF DIRECTORS OF CRAMO PLC PLANS ON A KEY EMPLOYEES' INCENTIVE PLAN

The Board of Directors of Cramo Plc plans on a new share-based incentive plan
for the Group 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) is intended to consist 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. The potential reward from the Plan for the discretionary period
2012 would be based on the Cramo Group´s key figure Earnings per Share (EPS)
and the potential reward would be paid partly in the Company's shares and
partly in cash in spring 2015. The cash proportion would 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 would have to 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 would have to be held as long as his or her employment or
service in a Group company continues. 

The target group of the Plan would consist of approximately 55 people.

Vantaa, 23 March 2012

CRAMO PLC

The Board of Directors



Further information
Vesa Koivula, President and CEO, tel. +358 40 510 5710Martti 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.