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2016-01-26

Tikkurila Oyj: Tikkurila Nomination Board's proposals for the members of the Board of Directors and their remuneration

Tikkurila Oyj
Stock Exchange Release
January 26, 2016 at 9:00 a.m. (CET+1)

Tikkurila Nomination Board's proposals for the members of the Board of
Directors and their remuneration

The Nomination Board of Tikkurila proposes to the Annual General Meeting,
which is planned to be held on April 6, 2016, that the number of Board
members would be six and that Eeva Ahdekivi, Harri Kerminen, Riitta
Mynttinen, Jari Paasikivi, Pia Rudengren, and Petteri Walldén would be
re-elected. Board members' term lasts until the end of the next Annual
General Meeting.

In addition, the Nomination Board proposes that Jari Paasikivi would be
elected as Chairman and Petteri Walldén as Vice Chairman of the Board of
Directors.

The Nomination Board proposes to the Annual General Meeting that the
remuneration of the members of the Board of Directors would stay at the
current level. The suggested annual remuneration would be as follows: EUR
64,000 for the Chairman, EUR 40,000 for the Vice Chairman and the Chairman of
the Audit Committee, and EUR 32,000 for other members of the Board of
Directors. Approximately 40 percent of the annual remuneration would be paid
in Tikkurila Oyj's shares acquired from the market and the rest in cash. The
shares would be acquired directly on behalf of the Board members within two
weeks from the release of the interim report for January 1-March 31, 2016.

Furthermore, a meeting fee for each meeting of the Board and its Committees
(excluding decisions without a meeting) would be paid to the members of the
Board of Directors as follows: EUR 600 for meetings held in the home state of
a member and EUR 1,200 for meetings held outside the home state of a member.
If a member participates in a meeting via telephone or video connection the
remuneration would be EUR 600. Travel expenses would be paid according to the
travel policy of the company.

The members of the Tikkurila Nomination Board are Pekka Paasikivi, Chairman of
the Board of Directors of Oras Invest Oy; Timo Ritakallio, Deputy CEO of
Ilmarinen Mutual Pension Insurance Company; and Reima Rytsölä, Chief
Investment Officer of Varma Mutual Pension Insurance Company. The fourth
member of the Nomination Board is Jari Paasikivi, the Chairman of the Board
of Directors of Tikkurila Oyj, who acts as an expert member.

Tikkurila Oyj
Erkki Järvinen, President and CEO

For further information, please contact:

Antti Kiuru, Tikkurila Oyj, Group Vice President, Legal, mobile +358 400 686
488,antti.kiuru@tikkurila.com

Pekka Paasikivi, Chairman of the Tikkurila Nomination Board, mobile +358 50
501 0666

Tikkurila is the leading paints and coatings professional in the Nordic region
and Russia. With our roots in Finland, we now operate in 16 countries. Our
high-quality products and extensive services ensure the best possible user
experience in the market. Sustainable beauty since 1862.
www.tikkurilagroup.com

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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: Tikkurila Oyj via Globenewswire

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