2014-12-16 08:00:01 CET

2014-12-16 08:00:03 CET


REGULATED INFORMATION

Finnish English
Uponor - Company Announcement

Proposals by Uponor Nomination Board to the Annual General Meeting 2015


Uponor Corporation        Stock Exchange Release            16 December 2014 
9.00 EET 

Proposals by Uponor Nomination Board to the Annual General Meeting 2015

The Uponor Nomination Board proposals to the Annual General Meeting, to be held
in Helsinki, Finland on 17 March 2015, are the following: 

REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS
The Nomination Board proposes to the general meeting that the yearly
remuneration to the members of the Board of Directors shall remain unchanged
with the exception of the Chair of the Board, whose remuneration is proposed to
be increased. 

The proposed yearly remuneration is as follows:
•    Chair of the Board - €88,000 (current: €71,000)
•    Deputy Chair of the Board - €49,000
•    Chair of the Audit Committee - €49,000
•    Other members of the Board - €44,000

Approximately 40% of the remuneration is to be paid by acquiring Uponor
Corporation shares in public trading and the rest in cash. The travel expenses
related to Board meetings are paid according to the company's travel policy. 

In addition to the above, a remuneration per each actual board and committee
meeting (excluding decisions without a meeting) is paid, amounting to €600 for
meetings held in the home country of the member, €1,200 for meetings held
elsewhere in Europe, and €2,400 for meetings held outside of Europe. The
remuneration for telephone meetings equals the remuneration for meetings held
in the home country of the member. 


NUMBER OF BOARD MEMBERS
The Nomination Board proposes that the number of Board members remains at six.


ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS
The Nomination Board proposes to the General Meeting that Mr Jorma Eloranta, Mr
Timo Ihamuotila, Ms Eva Nygren, Ms Annika Paasikivi, and Mr Jari Rosendal,
currently members of the Board of Directors, be re-elected as members of the
Board of Directors and that Dr Markus Lengauer be elected as a new member of
the Board of Directors for the following term of office. 

After 10 terms of office, the current member of the Board, Mr Rainer S. Simon
is not available for re-election. 

Dr Markus Lengauer (b. 1965), an Austrian citizen, holds a Master of
Engineering degree and a Doctorate in Mechanical Engineering, both in the
Technical University of Vienna, Austria. Dr Lengauer has roughly 10 years of
experience in the heating and sanitary business, most recently as CEO of the
Rettig Group's ICC division (2004-2013), based in the Netherlands. Prior to
that he served nearly ten years in the heating technology business and two
years in the consultancy business. 

Uponor's Nomination Board consists of the following persons: Pekka Paasikivi,
chairman (representing Oras Invest), Reima Rytsölä (Varma), Antti Kasi (Nordea
Funds) and Jorma Eloranta (expert member). 


For more information, please contact:
Pekka Paasikivi, Chairman of the Nomination Board, Tel: +358 50 501 0666
Reetta Härkki, General Counsel, Uponor Corporation, Tel: +358 20 129 2835


Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. +358(0)20 129 2852



DISTRIBUTION:
NASDAQ Helsinki
Media
www.uponor.com

Uponor is a leading supplier of indoor climate and plumbing systems for the
residential and commercial building markets in Europe and North America. In
Northern Europe, Uponor is also a prominent regional supplier of municipal
infrastructure pipe systems. Uponor employs approximately 4,100 people in 30
countries. Uponor Group reported net sales of over EUR 900 million in 2013.
Uponor's shares are quoted on the NASDAQ OMX Helsinki Ltd.
http://www.uponor.com.