LASSILA & TIKANOJA PLC COMPANY ANNOUNCEMENT 25 March 2009 8.45 am SHARE-BASED INCENTIVE PROGRAMME FOR LASSILA & TIKANOJA'S KEY PERSONNEL Lassila & Tikanoja plc's Board of Directors decided at a meeting held on 24 March 2009 on a share-based incentive programme to form a part of the incentive and commitment scheme for the company's key personnel. The purpose of the programme is to strengthen the commitment of the key personnel to the company and to align the goals of the shareholders and the key personnel in order to enhance the value of the company. The programme includes three earnings periods one year each, of which the first one began on 1 January 2009 and the last one ends on 31 December 2011. Potential rewards will be paid during the year following each earnings period partly as shares and partly in cash. The proportion paid in cash will cover taxes arising from the reward. The basis for the determination of the reward is decided annually. Potential rewards to be paid for the year 2009 will be based on the EVA result of Lassila & Tikanoja group. No reward will be paid if a key person's employment ends before the reward payment. Any shares earned through the incentive programme shall be held for a minimum period of two years following the payment of each reward. After that, the Group Executives are still required to hold company shares with a value equal to their gross salary for six months and the other programme participants with a value equal to their gross salary for three months as long as they are employed by the company. In the starting phase the programme covers 28 persons. A maximum total of 180,000 Lassila & Tikanoja plc shares may be paid out on the basis of the programme. Their value corresponds to approximately EUR 1.9 million calculated using the closing price of 24 March 2009. The shares to be transferred as potential rewards will be obtained in public trading, and therefore the incentive programme will have no diluting effect on the share value. LASSILA & TIKANOJA PLC Jari Sarjo President and CEO For additional information please contact Jari Sarjo, President and CEO, tel. +358 10 636 2810 or Keijo Keränen, IR Manager, tel. +358 50 385 6957. Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 9,500 persons. Net sales in 2008 amounted to EUR 606 million. L&T is listed on NASDAQ OMX Helsinki. Distribution: NASDAQ OMX Helsinki Major media www.lassila-tikanoja.com
SHARE-BASED INCENTIVE PROGRAMME FOR LASSILA & TIKANOJA'S KEY PERSONNEL
| Source: Lassila & Tikanoja Oyj