Fiskars - Company Announcement

New Long-term Incentive Plan for Fiskars Group’s key senior leaders

Fiskars Corp.     Stock Exchange Release           February 6, 2015 at 9.00 EET

The Board of Directors of Fiskars Corporation has decided on a new long-term
incentive plan for the Group's Executive Board and other key personnel. The
plan will form a part of Fiskars remuneration program for its key leaders, and
the aim of the plan is to support the implementation of the company's growth
strategy and to align the objectives of key personnel with the shareholders to
increase the value of the company. 

The new long-term incentive plan consists of a share based plan (Share Plan) as
well as a cash reward plan (Cash Plan), and initially it has a performance
period of three calendar years, 2015-2017. The Group's Chief Executive Officer
Kari Kauniskangas and Chief Operating Officer, Chief Financial Officer Teemu
Kangas-Kärki are participants in the Share Plan. They, along with approximately
30 other key senior leaders, including the rest of the Executive Board, are
participants in the Cash Plan. 

The amount of the reward paid to a key person depends on achieving the
pre-established targets. No reward will be paid if targets are not met or if
the participant's employment ends before reward payment. The targets for the
Share Plan are based on the company's total shareholder return, while the
targets for the Cash Plan are based on the growth of the company's turnover and
operating profit excluding non-recurring items. 

If targets of the plan are reached, rewards will be paid to participants after
the end of the performance period. In the Cash Plan, rewards for participants
will be paid in cash. In the Share Plan, the reward will be paid in the
company's shares and as a cash payment which is intended to cover taxes and
tax-related costs arising from the share reward. If all targets are reached,
the maximum reward payable in shares on the basis of the 2015-2017 performance
period would amount to a total maximum of 22,000 shares in the company. Shares
to be awarded under the Share Plan will be acquired in public trading arranged
by Nasdaq Helsinki, and thus the share plan is not expected to have a diluting
effect on the ownership of the company's shareholders. 

The Share Plan participants are subject to a shareholding requirement. No
shares earned through the Share Plan can be sold or otherwise conveyed by the
participant until a minimum ownership requirement has been reached. The share
ownership requirement is 100 % of annual gross base salary for the President
and CEO and 50 % for other participants, including Fiskars shares otherwise
owned. 

The Board may, at its sole discretion, decide to extend the long-term incentive
plan with two consecutive three-year performance periods that would start in
2016 and 2017, respectively. In that case, the Board will decide separately for
each performance period the participants in the incentive plan and the maximum
reward for each participant. The Board of Directors would also decide
separately for each performance period the performance criteria and related
targets. 


FISKARS CORPORATION
Board of Directors


For more information, please contact:
General Counsel Päivi Timonen, tel. +358 204 39 5050


Fiskars 365 - celebrating centuries of pride, passion and design. Every day.
Established in 1649 as an ironworks in a small Finnish village, Fiskars has
grown to be a leading global supplier of consumer products for the home, garden
and outdoors. Available in more than 60 countries, Fiskars products solve
everyday problems, making daily home, garden and outdoor projects easier and
more enjoyable through superior performance and design. Fiskars is listed on
Nasdaq Helsinki, and in 2014 the company's net sales were EUR 768 million. The
Group's key international brands are Fiskars, Iittala and Gerber.
www.fiskarsgroup.com

Attachments:

20150206 Long_term_incentive _eng.pdf