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2016-05-06

Kotipizza Group Oyj: Kotipizza Group Oyj introduces a new share-based incentive plan

Kotipizza Group Oyj

Stock Exchange Release 6 May 2016 at 9.00 am (EET)

Kotipizza Group Oyj introduces a new share-based incentive plan

The Board of Directors of Kotipizza Group Oyj has resolved on a new long-term
share-based incentive program targeted to the executive board.

The aim of the incentive plan is to strongly combine the objectives of the
shareholders and the key employees participating in the program for
increasing the company's value and carrying out the business strategy in a
long term as well as to engage the key employees to the company and to offer
them a competitive incentive program based on earning shares in the company
and the value development of the company.

The new program covers three three-year earning periods. Based on the plan the
company may give performance shares in the earning period 1.2.2016-31.1.2019.
For earning periods 1.2.2017-31.1.2020 and 1.2.2018-31.1.2021 the company may
give also discretionary matching shares based on the key employees'
shareholding in addition to the performance shares. The Board of Directors of
the company confirms the performance measures, type and maximum number of the
reward shares as well as eligible key employees at the beginning of each
earning period.

The performance measures applied are the average growth of Kotipizza Group
chain's total sales and earning per share in the three-year earning period.

Based on earning period 1.2.2016-31.1.2019 at maximum 47.204 performance
shares can be given as reward, which includes the cash payment portion of the
reward. The potential reward is to be paid as combination of shares (50%) and
a cash payment (50%). With the cash payment it is aimed to cover taxes and
tax-like charges resulting for the key employee. The Board of Directors thus
anticipates that the maximum dilutive effect on the number of the company's
registered shares for the first earning period is 0,37%. If the employment of
the key employee terminates before the payment of the reward, the reward is
not, as a rule, to be paid.

Kotipizza Group Oyj

Johan Wentzel, Chairman of the Board of Directors
Tommi Tervanen, CEO

More information:

Tommi Tervanen, CEO
tel. +358 207 716 743

Timo Pirskanen, CFO
tel. +358 207 716 747

Kotipizza Group in brief

Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial
year 2015, the number of restaurants stood at 257 restaurants. In 2015, the
sales of Kotipizza restaurants were EUR 77.3 million. Kotipizza Group net
sales were EUR 56.4 million for the financial year 2015 with a comparable
EBITDA of EUR 5.03 million respectively.

Release Kotipizza Group share-based incentive plan
http://hugin.info/160462/R/2009865/743859.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kotipizza Group Oyj via Globenewswire

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