Metsäliitto Osuuskunta - Company Announcement

The Board of Directors of Metsäliitto Cooperative has resolved on an incentive plan for key executives

Metsä Group Stock Exchange Release 7 February 2014 at 9.00 EET


The Board of Directors of Metsäliitto Cooperative has resolved to continue the
share-based incentive plan established in 2011 and directed to Metsä Group's
key executives. The aim of the plan is to combine the objectives of the owners
and the executives in order to increase the value of Metsä Group, to commit the
executives to implement the mutual strategy, and to offer them a competitive
reward plan based on share ownership. 

The plan includes three new three-year earnings periods, calendar years
2014-2016, 2015-2017 and 2016-2018. The Board of Directors will decide on the
earnings criteria and related targets at the beginning of each earnings period.
The potential reward for the earnings period 2014-2016 will be based on Metsä
Group's Equity Ratio and the development of Return on Capital Employed (ROCE)
and Operating Result (EBIT) as determined by the Board of Directors. Each
earnings period is followed by subsequent two-year restriction period during
which the participant is not entitled to transfer or dispose of the shares. 

The potential reward from the earnings period 2014-2016 will in 2017 be paid
partly in Metsä Board Corporation series B shares and partly in cash. The
proportion to be paid in cash will cover taxes and other statutory costs
arising from the reward. 

At the beginning, the first earnings period of the plan covers 55 persons
including the members of Metsä Group's Executive Management Team. The maximum
share reward to be paid for the first earnings period is approximately 2.3
million Metsä Board Corporation B-series shares. 


METSÄLIITTO COOPERATIVE

For further information, please contact:
Martti Asunta, Chairman of the Board of Directors, tel.+358 40 829 9393