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2017-02-03

Sponda Oyj: Sponda's Board of Directors has decided on the vesting period and targets of the incentive scheme for key personnel

Sponda Plc Stock Exchange Release
3 February 2017 at 8:34 a.m.

Sponda's Board of Directors has decided on the vesting period and targets of
the incentive scheme for key personnel

The Board of Directors of Sponda Plc has decided on the vesting period and
targets of the share-based incentive scheme for the Group's key personnel for
the calendar years 2017-2019. The earning criteria for the 1 January 2017-31
December 2019 vesting period are the Group's average Return on Capital
Employed (ROCE) in the financial periods 2017-2019, the Group's cumulative
Operational Cash Earnings Per Share (CEPS) for the financial periods
2017-2019 and the growth of the property portfolio. In addition, the Board of
Directors will assess the Group's success in relation to the prevailing
market conditions.

The potential remuneration will be paid partly in the company's shares and
partly in cash. The cash component is intended to cover the taxes and
tax-like charges incurred by the key personnel from the remuneration. The
possible remuneration for the vesting period 2017-2019 will be paid in spring
2020.

During the earning period 2017-2019 the scheme covers the members of the
Group's Executive Board, seven persons in total. The Board of Directors can
decide on including new key personnel in the scheme. The remunerations
payable based on the vesting period 2017-2019 correspond, at a maximum, to
the value of 331,534 shares in Sponda Plc (including the cash component to be
paid).

The company is adjusting the maximum share amounts for the current vesting
periods due to changes in the composition of the Executive Board. The
remunerations payable based on the vesting period 2015-2017 correspond, at a
maximum, to the value of approximately 319,175 shares (announcement on 5
February 2015: 400,000) in Sponda Plc and the remunerations payable based on
the vesting period 2016-2018 correspond, at a maximum, to the value of
approximately 376,853 shares (announcement on 4 February 2016: 350,000) in
Sponda Plc.

More information on the terms of the incentive scheme can be found in the
company's Stock Exchange Releases dated 5 February 2015 and 4 February 2016.

For further information, please contact: Kari Inkinen, President and CEO, tel. +358 400 402 653
Sponda Plc

Kari Inkinen
President and CEO

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main media
www.sponda.fi

Sponda Plc is a property investment company specialising in commercial
properties in the largest cities in Finland. Sponda's business concept is to
own, lease and develop retail and office properties and shopping centres into
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 3.8 billion and the
leasable area is around 1.2 million m2.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Sponda Oyj via Globenewswire

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