Tikkurila Oyj - Decisions of general meeting

Decisions of the Annual General Meeting and the Board of Directors of Tikkurila

Tikkurila Oyj
Stock Exchange Release
April 4, 2017 at 1 p.m. (CET+1)

Decisions of the Annual General Meeting and the Board of Directors of Tikkurila

Matters relating to the Annual General Meeting

The Annual General Meeting of Tikkurila Oyj approved today the Financial
Statements for 2016 and decided to discharge the members of the Board of
Directors and the President and CEO from liability. The Annual General Meeting
approved a EUR 0.80 dividend per share for the financial year 2016. The rest
will be retained and carried further in the company's unrestricted equity. The
dividend will be paid to a shareholder who is registered in the company's
shareholder register maintained by Euroclear Finland Ltd on the dividend record
date, April 6, 2017. The dividend will be paid on April 13, 2017.

The Annual General Meeting decided that the Board of Directors consists of six
members. Eeva Ahdekivi, Harri Kerminen, Jari Paasikivi, Riitta Mynttinen, Pia
Rudengren and Petteri Walldén were re-elected as members of the Board of
Directors until the end of the next Annual General Meeting.

Furthermore, Jari Paasikivi was re-elected as Chairman and Petter Walldén as
Vice Chairman of the Board of Directors.

The Annual General Meeting decided that the annual remuneration of the members
of the Board of Directors will stay at the current level. The annual
remuneration to the members of the Board of Directors will be as follows: EUR
64,000 for the Chairman, EUR 40,000 for the Vice Chairman and the Chairman of
the Audit Committee, and EUR 32,000 for other members of the Board of Directors.
Approximately 40 percent of the annual remuneration will be paid in Tikkurila
Oyj's shares acquired from the market and the rest in cash. The shares will be
acquired directly on behalf of the Board members within two weeks from the
release of the business review for January 1 - March 31, 2017. Furthermore, a
meeting fee for each meeting of the Board and its Committees (excluding
decisions without a meeting) will be paid to the members of the Board of
Directors as follows: EUR 600 for meetings held in the home state of a member
and EUR 1,200 for meetings held outside the home state of a member. If a member
participates in a meeting via telephone or video connection the remuneration
will be EUR 600. Travel expenses will be paid according to the travel policy of
the company.

The Annual General Meeting decided that the Auditor's fees will be paid against
an invoice approved by the company. KPMG Oy Ab was re-elected as the company's
auditor until the end of the next Annual General Meeting, with APA Toni Aaltonen
nominated by KPMG as the principal auditor.

Authorization to repurchase own shares and to decide on the issuance of shares

The Annual General Meeting authorized the Board of Directors to decide upon the
repurchase of a maximum of 4,400,000 company's own shares. The shares may be
repurchased to be used for financing or implementing possible mergers and
acquisitions, developing the company's equity structure, improving the liquidity
of the company's shares or to be used for the payment of the annual fees payable
to the members of the Board of Directors or for implementing the share-based
incentive programs of the company. The repurchase authorization will be valid
until the end of the next Annual General Meeting, however, no longer than until
June 30, 2018.

The Annual General Meeting authorized the Board of Directors to decide to
transfer company's own shares held by the company or to issue new shares limited
to a maximum of 4,400,000 shares. The company's own shares held by the company
may be transferred and the new shares may be issued either against payment or
without payment. The new shares may be issued and the company's own shares held
by the company may be transferred to the company's shareholders in proportion to
their current shareholdings in the company or in deviation from the
shareholders' pre-emptive right through a directed share issue, if the company
has a weighty financial reason to do so, such as financing or implementing
mergers and acquisitions, developing the company's equity structure, improving
the liquidity of the company's shares, settling the payment of the annual fees
payable to the members of the Board of Directors or implementing the share-based
incentive programs of the company. The authorization will be valid until the end
of the next Annual General Meeting, however, no longer than until June 30, 2018.

The minutes of the Annual General Meeting will be available on Tikkurila's
website as of April 18, 2017, at the latest.

Decisions by the Board of Directors

Pia Rudengren was elected as Chairman and Eeva Ahdekivi and Riitta Mynttinen as
members of the Audit Committee.

Jari Paasikivi was re-elected as Chairman and Harri Kerminen and Petteri Walldén
as members of the Remuneration Committee.


Tikkurila Oyj
Antti Kiuru, Group Vice President, Legal


For further information, please contact:
Antti Kiuru, Group Vice President, Legal, tel. +358 400 686 488,
antti.kiuru@tikkurila.com


Tikkurila is the leading paints and coatings professional in the Nordic region
and Russia. With our roots in Finland, we now operate in 14 countries. Our high-
quality products and extensive services ensure the best possible user experience
in the market. Sustainable beauty since 1862.

www.tikkurilagroup.com




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