Uponor - Company Announcement

Uponor establishes a new share-based incentive plan

Uponor Corporation     Stock exchange release                       2 March
2012 9:35 EET 

Uponor establishes a new share-based incentive plan

The Board of Directors of Uponor Corporation has today approved the
establishment of a new long-term share-based incentive plan to be offered to
the key management of the company. The plan will cover a maximum of twelve
members of the Group's key management. The plan covers the years 2012-2014. 

The purpose of the plan is to retain key management, as well as to motivate and
reward the management for good performance that supports the company's
profitability and the implementation of the company's strategy. The plan also
encourages the key management to further acquire and own Uponor's shares, which
will contribute to aligning the interests of the management, the company and
the shareholders. 

Each participant in the incentive plan invests in Uponor shares within the
pre-determined minimum and maximum limits of the plan. The reward in the Plan
2012-2014 consists of the following parts: 

1) The matching share incentive based on the investment with a three year
vesting period: 

In the spring of 2015, each participant will receive matching shares
corresponding to half of the investment at the time of transfer, less the taxes
payable on the awarded shares. The maximum value of the total amount of shares
awarded based on the share investment corresponds with less than 20,000 shares. 

2) A performance share plan that depends on the company's earnings performance
over a three-year performance period: 

The share rewards will be delivered if the performance targets set by the Board
of Directors for the performance period are met. The applicable performance
targets are the EBITDA based intrinsic value, calculated from the development
of EBITDA, the development of the Group's net debt and profit distribution, as
well as relative Total Shareholder Return (TSR) during 2012-2014. 

If all participants fulfil the investment requirement and if the performance
targets set for the performance share plan are attained in full, the maximum
value of performance shares to be delivered corresponds with less than 370,000
shares. 


Both the matching shares and performance shares will be restricted by a one
year restriction period after the share delivery, during which the delivered
shares may not be transferred. 

The Board of Directors anticipates that no new shares will be issued in
connection with the plan and therefore the plan will have no diluting effect. 

Further information:
Jari Paasikivi, Chairman of the Board, tel +358 500 530 375
Jorma Eloranta, Chairman of the Remuneration Committee, tel +358 40 5395 542


Uponor Corporation
Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852

DISTRIBUTION:
NASDAQ OMX - Helsinki
Media
www.uponor.com

Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. Uponor offers its customers solutions that are
sustainable and safe and reliable to own and operate. The Group employs approx.
3,200 persons, in 30 countries. In 2011, Uponor's net sales totalled ca €800
million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland.
http://www.uponor.com.