Board of directors' proposals to the Annual General Meeting to be held on April 6, 2016

Tikkurila Oyj
Stock Exchange Release
February 9, 2016 at 9:05 a.m. (CET+1)

The proposals of the Nomination Board of Tikkurila Oyj to the Annual General Meeting concerning the number, election and remuneration of the members of the Board of Directors have been published on January 26, 2016.

The Annual General Meeting of Tikkurila Oyj will be held on Wednesday April 6, 2016 at 1.00 p.m. in Finlandia Hall, Mannerheimintie 13, Helsinki, Finland. The notice of the Annual General Meeting will be published on March 8, 2016 on Tikkurila Oyj's website and as a stock exchange release. A summary of the notice will be published in Helsingin Sanomat on March 9, 2016.

Resolution on the use of the profit shown on the balance sheet and the payment of dividend

The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.80 per share will be paid for the year ended on December 31, 2015 and that the rest be retained and carried further in the Company's unrestricted equity. The proposed dividend totals approximately EUR 35.3 million, which corresponds to approximately 85 percent of the Group's net profit for 2015. The record date for the payment of the dividend will be April 8, 2016 and the proposed payment date is April 15, 2016.

Resolution on the remuneration of the Auditor

The Board of Directors proposes to the Annual General Meeting, on the recommendation of the Audit Committee, that the Auditor's fees be paid against an invoice approved by the Company.

Election of the Auditor

The Board of Directors proposes to the Annual General Meeting, on the recommendation of the Audit Committee, that KPMG Oy Ab be elected as the Company's auditor for the term that ends at the conclusion of the Annual General Meeting following the appointment. KPMG Oy Ab has informed that APA Toni Aaltonen will act as the principal auditor.

Proposal by the Board of Directors to amend section 3 of the Articles of Association

The Board of Directors proposes that the Annual General Meeting would resolve to remove a statement in the Company's Articles of Association on the election of the Chairman and Vice Chairman among the Board members by the Board of Directors. The purpose of the proposed change is to enable the general meeting to elect the Chairman and Vice Chairman. If the general meeting would not elect the Chairman and/or the Vice Chairman, the Board of Directors could make the election.