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2016-12-21

Caverion: Caverion's Board of Directors decided to continue the long-term incentive plan for senior management

Caverion Corporation Stock exchange release December 21, 2016 at 9.00
a.m. EET

Caverion's Board of Directors decided to continue the long-term
incentive plan for senior management

Caverion's Board of Directors has decided to continue the share based
long-term incentive plan for the senior management of the Group on
20.12.2016. The share based incentive plan consists of Performance
Share Plan (PSP) as the main structure supported by Restricted Share
Plan as a complementary structure for specific situations. The plan
is based on the rolling long-term incentive structure approved by the
Board of Directors on 17.12.2015. Both plans consist of annually
commencing individual plans, each with a three-year period. The
commencement of each new plan is subject to a separate decision of
the Board.

The share based incentive plan forms part of the incentive and
commitment programme for the senior management of Caverion Group. The
key aim is to align the interests of the shareholders and the senior
management in order to promote shareholder value creation and to
support Caverion in becoming a leading European provider of advanced
and sustainable lifecycle solutions for buildings and industries. In
addition, the aim is to commit the key senior management to the
company and its strategic targets and to offer them a competitive
reward plan based on the ownership of the company's shares.

Performance Share Plan 2017-2019

Performance Share Plan 2017-2019 may include a maximum of
approximately 120 members of senior management and key employees. The
three-year plan period consists of a one-year operative financial
performance period, followed by a two-year share price performance
period. The potential share reward is based on the targets set for
the year 2017 for Earnings per Share and Group revenue. If all
targets will be met, the share rewards based on Performance Share
Plan 2017-2019 will comprise a maximum of approximately 850,000
Caverion shares (gross before the deduction of applicable payroll
tax). Final participant selection and maximum share allocations will
be decided early 2017.

The Performance Share Plan contains a maximum value for the share
reward payable to an individual participant. If the value of the
share reward would at the time of payment exceed a maximum value set
by the Board, the exceeding portion of the reward will not be paid. A
person participating in the plan has the possibility to earn a share
reward only if his/her employment continues until the payment of the
reward.

Restricted Share Plan 2017-2019

Share allocations within the Restricted Share Plan 2017-2019 will be
made for individually selected key employees in special situations.
Under the complementary Restricted Share Plan each individual plan
consists of a three-year vesting period after which the allocated
share rewards will be delivered to the participants provided that
their employment with Caverion continues until the delivery of the
share reward. The maximum number of Caverion shares that may be
allocated and delivered within the Restricted Share Plan 2017-2019
totals approximately 85,000 shares (gross before the deduction of
applicable payroll tax).

Other information

Caverion applies a share ownership recommendation policy for the
members of the Group Management Board, according to which the members
should retain at least 50 per cent of the share rewards received (net
shares after the deduction of applicable payroll tax) under the share
based incentive plans until the share ownership of these individuals
in Caverion amounts to at least his/her annual gross base salary.

The Board of Directors anticipates that no new shares will be issued
in connection with the new incentive plan and, therefore, the plans
will have no dilutive effect on the number of the company's
registered shares. The Board, under all circumstances, has the right
to make adjustments and to amend terms of the above plans as
stipulated in the respective terms and conditions of the plans.

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com

For additional information, please contact:

Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328,
milena.haeggstrom@caverion.com

Merja Eskola, Senior Vice President, Human Resources, tel. +358 40 744
0990, merja.eskola@caverion.com

Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings, industries and
infrastructure. Our services and solutions are used in commercial and
residential buildings and on industrial and public sector properties,
as well as in processes, ensuring business continuity, safety,
healthy and pleasant surroundings, optimal performance and cost
management. Our vision is to be a leading European provider of
advanced and sustainable life cycle solutions for buildings and
industries. Our strengths include technological expertise and
comprehensive services, covering all technical disciplines throughout
the entire life cycles of properties and industrial plants. Our
revenue in 2015 was approximately EUR 2.4 billion. Caverion has over
17,000 employees in 12 countries in Northern, Central and Eastern
Europe. Caverion's shares are listed on Nasdaq Helsinki.
www.caverion.com (http://www.caverion.fi/), @CaverionGroup

Join our story: www.caverion.fi/Csaga #Csaga
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http://news.cision.com/caverion/r/caverion-s-board-of-directors-decided-...
http://mb.cision.com/Main/14078/2154312/606767.pdf

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