Aspo - Company Announcement

Proposal of Aspo's Nomination Board as members of the Board of Directors and their rewards

ASPO Plc            STOCK EXCHANGE RELEASE      January 2, 2017 at 10:00 a.m.


PROPOSAL OF ASPO'S NOMINATION BOARD AS MEMBERS OF THE BOARD OF DIRECTORS AND
THEIR REWARDS

The Nomination Board of Aspo Plc's shareholders proposes to the Annual
Shareholders' Meeting of Aspo Plc to be held on April 5, 2017 that the Board of
Directors will have six members.

Full-time Chairman of the Board

Gustav Nyberg, Chairman of the Board of Directors, stated to the Nomination
Board that he will no longer be available as the full-time Chairman of the Board
of Directors following the Annual Shareholders' Meeting 2017.

Members of the Board

The Nomination Board proposes that Mammu Kaario, Mikael Laine, Roberto Lencioni,
Gustav Nyberg, Salla Pöyry and Risto Salo, current members of the company's
Board of Directors, be re-elected as members of the Board of Directors for the
term closing at the end of the Annual Shareholders' Meeting 2018.

Remuneration paid to the members of the Board

The Nomination Board proposes that members of the Board of Directors receive the
following monthly remuneration:
  * EUR 2,700 per month for members of the Board of Directors (EUR 2,400 per
    month in 2016)
  * 1.5 × the remuneration paid to ordinary members, i.e. EUR 4,050 per month,
    for the Vice Chairman (EUR 3,600 per month in 2016)
  * 2 × the remuneration paid to ordinary members, i.e. EUR 5,400 per month, for
    the Chairman (EUR 15,500 per month for the full-time Chairman in 2016)

The Nomination Board proposes that the meeting fees paid to members of the Audit
Committee remain unchanged, i.e. EUR 700 per meeting. However, the Nomination
Board proposes that 1.5 × the meeting fee paid to members of the Audit Committee
be paid to the Chairman of the Audit Committee, i.e. EUR 1,050 per meeting (EUR
700 per meeting in 2016). If the Chairman of the Audit Committee is also the
Vice Chairman or the Chairman of the Board of Directors, the Nomination Board
proposes that the fee paid to the Chairman of the Audit Committee is the same as
that paid to members of the Audit Committee. Board members having a full-time
position in an Aspo Group company are not paid a fee.

Members of the Nomination Board

The Shareholders' Nomination Board consists of the representatives of the four
largest shareholders. According to the list of shareholders as of August
31, 2016, the following representatives of the largest shareholders were members
of the Nomination Board which prepared proposals for the Annual Shareholders'
Meeting 2017: Tatu Vehmas, Chairman (Vehmas family); Veronica Timgren (Nyberg
family, including Oy Havsudden Ab); Reima Rytsölä (Varma Mutual Pension
Insurance Company); and Mikko Mursula (Ilmarinen Mutual Pension Insurance
Company). In addition, Gustav Nyberg, Chairman of Aspo Board of Directors, has
acted as an expert member of the Nomination Board.

ASPO Plc

Aki Ojanen
CEO

Further information:
Tatu Vehmas, Chairman of the Nomination Board, tel. +358 400 785 461,
vehmastatu@gmail.com


Aspo is a conglomerate that owns and develops business operations in Northern
Europe and growth markets focusing on demanding b-to-b customers. Our strong
company brands - ESL Shipping, Leipurin, Telko and Kauko - aim to be the market
leaders in their sectors. They are responsible for their own operations,
customer relationships and the development of these. Together they generate
Aspo's goodwill. Aspo's Group structure and business operations are continually
developed without any predefined schedules.



Distribution:
Nasdaq Helsinki
Key Media
www.aspo.com


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