Tikkurila Oyj - Other information disclosed according to the rules of the Exchange

Resolutions of the board of directors of Tikkurila regarding share-based incentive program 2015-2019

Tikkurila Oyj
Stock Exchange Release
May 31, 2017 at 9:00 a.m. (CET+1)

Resolutions of the board of directors of Tikkurila regarding share-based
incentive program 2015-2019

The Board of Directors of Tikkurila Oyj has resolved on details of the
performance period 2017-2019 of the share-based incentive program 2015-2019 and
a matching share plan 2017-2019 for the selected Group key employees.

Performance Period 2017-2019

Approximately 10 key employees, including the members of the Management Board,
belong to the target group of the performance period 2017-2019.

The potential reward from the performance period 2017-2019 will be based on the
Tikkurila Group's average EBITDA and net debt based intrinsic value 2017-2019.
The rewards to be paid on the basis of the performance period 2017-2019 will
amount to an approximate maximum total of 120,000 Tikkurila Oyj shares. In
addition, the Company will pay taxes and tax-related costs arising from the
reward to the participants in connection with the reward payment. The potential
reward from the performance period will be paid partly in the Company's shares
and partly in cash in 2020. The reward amounts to be earned through the plan
will be capped if the limits set by the Board of Directors for the payable
reward of a performance period are reached.

Matching Share Plan 2017-2019

The aim of the matching share plan is to combine the objectives of the
shareholders and the key employees in order to increase the value of the Company
in the long-term, to bind the key employees to the Company, and to offer them
competitive reward plan based on acquiring, receiving and accumulating the
Company's shares.

The matching share plan includes one vesting period, calendar years 2017-2019.
The prerequisite for receiving reward on the basis of this plan is that a person
participating in the plan acquires the Company's shares, or addresses previously
owned freely transferable shares for the plan, up to the number determined by
the Board of Directors. Furthermore, receiving of reward is tied to the
continuance of participant's employment or service upon reward payment. The
reward from the plan will be paid partly in the Company's shares and partly in
cash in 2020.

The matching share plan is directed only to selected new key employees
determined by the Board of Directors. The rewards to be paid on the basis of the
vesting period will amount to an approximate maximum total of 8,000 Tikkurila
Oyj shares. In addition, the Company will pay taxes and tax-related costs
arising from the reward to the participants in connection with the reward
payment.

Vantaa May 31, 2017

TIKKURILA OYJ
The Board of Directors

For further information, please contact:
Tikkurila Oyj
Jari Paasikivi, Chairman of the Board, mobile +358 500 530 375,
jari.paasikivi@orasinvest.fi

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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