Tikkurila Board of Directors' proposals to the Annual General Meeting to be held on March 25, 2014

10 februari 2014 Tikkurila Oyj Stock Exchange Release February 10, 2014 at 9:10 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 21, 2014. The Annual General Meeting of Tikkurila Oyj will be held on Tuesday March 25, 2014 at 1.00 p.m. in Bio Rex of Lasipalatsi, Mannerheimintie 22-24, Helsinki, Finland. The notice of the Annual General Meeting will be published on February 27, 2014 on Tikkurila Oyj's website and a summary of the notice will be published in Helsingin Sanomat on February 28, 2014. 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, 2013 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 70.5 percent of the Group's net profit for 2013. The Board of Directors proposes that the record date for the payment of the dividend will be March 28, 2014 and that the dividend will be paid on April 9, 2014. 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. Authorizing the Board of Directors to decide on the repurchase of the company's own shares The Board of Directors proposes that the Annual General Meeting authorize the Board of Directors to decide upon the repurchase of a maximum of 4,400,000 company's own shares with assets pertaining to the company's unrestricted equity in one or more tranches. The proposed maximum amount of the authorization corresponds to approximately 10 percent of all the shares in the company. The company's own shares will be repurchased through public trading, due to which the repurchase will take place in directed manner, i.e. not in proportion to the shareholdings of the shareholders. The shares will be repurchased in public trading on the NASDAQ OMX Helsinki Ltd at the market price quoted at the time of the repurchase. The shares will be repurchased and paid in accordance with the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Ltd. The consideration payable for the repurchase of the shares shall be based on the market price of the company's share in public trading. The minimum consideration of the repurchase of the company's own shares is the lowest market price of the share quoted in public trading during the authorization period and, correspondingly, the maximum price is the highest market price of the share quoted in public trading during the authorization period. The shares may be repurchased to be used for financing or implementing possible mergers and acquisitions, developing the company's equity structure, improving the liquidity of the company's shares or to be used for the payment of the annual fees payable to the members of the Board of Directors or for implementing the share-based incentive programs of the company. For the aforementioned purposes, the company may retain, transfer further or cancel the shares. The Board of Directors would decide upon other terms related to repurchase of shares. The repurchase authorization would be valid until the end of the next Annual General Meeting, however, no longer than until June 30, 2015. This authorization would cancel the repurchase authorization granted by the Annual General Meeting to the Board of Directors on April 10, 2013. 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 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 existing 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 deviating 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 or to be used for the payment of the annual fees payable to the members of the Board of Directors. 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 related to share issues. The authorization would be valid until the end of the next Annual General Meeting, however, no longer than until June 30, 2015. This authorization would cancel the share issue authorization granted by the Annual General Meeting to the Board of Directors on April 10, 2013, 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 +358 400 686 488, antti.kiuru@tikkurila.com For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life. www.tikkurilagroup.com This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Tikkurila Oyj via GlobeNewswire [HUG#1760278]