Board of directors' proposals to the Annual General Meeting to be held on April 6, 2016 - Seite 3

The repurchase authorization would be valid until the end of the next Annual General Meeting, however, no longer than until June 30, 2017.

This authorization would cancel the repurchase authorization granted by the Annual General Meeting to the Board of Directors on March 25, 2015.

Authorizing the Board of Directors to decide on the issuance of shares

The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to decide to transfer the Company's own shares held by the Company or to issue new shares in one or more tranches limited to a maximum of 4,400,000 shares. The proposed maximum aggregate amount of the authorization corresponds to approximately 10 percent of all the shares in the Company.

The Company's own shares held by the Company may be transferred and the new shares may be issued either against payment or without payment. The new shares may be issued and the Company's own shares held by the Company may be transferred to the Company's shareholders in proportion to their current shareholdings in the Company or in deviation from the shareholders' pre-emptive right through a directed share issue, if the Company has a weighty financial reason to do so, such as financing or implementing mergers and acquisitions, developing the Company's equity structure, improving the liquidity of the Company's shares, settling the payment of the annual fees payable to the members of the Board of Directors or implementing the share-based incentive programs of the company. Upon the issuance of the new shares, the subscription price of the new shares shall be recorded to the invested unrestricted equity reserves. In case of a transfer of the Company's own shares, the price payable for the shares shall be recorded to the invested unrestricted equity reserves.

The Board of Directors would decide upon other terms and conditions related to the share issues. The authorization would be valid until the end of the next Annual General Meeting, however, no longer than until June 30, 2017.

This authorization would cancel the share issue authorization granted by the Annual General Meeting to the Board of Directors on March 25, 2015, but not the share issue authorization in the aggregate maximum amount of 440,000 shares related to the implementation of the Company's share-based commitment and incentive program granted by the Annual General Meeting to the Board of Directors on March 28, 2012.

Tikkurila Oyj
Erkki Järvinen, President and CEO

For further information, please contact:

Antti Kiuru, Tikkurila Oyj, Group Vice President, Legal, mobile [phone], [e-mail]

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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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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