Home News 2008 New incentive program for Outotec's key personnel
March 3, 2008 02:00:00 PM CET

New incentive program for Outotec's key personnel

OUTOTEC OYJ   STOCK EXCHANGE RELEASE  MARCH 3, 2008  AT 2.00 PM

NEW INCENTIVE PROGRAM FOR OUTOTEC'S KEY PERSONNEL

The Board of Directors of Outotec Oyj has decided to establish a new
share-based incentive program for Outotec's key personnel for the
period 2008-2010.

The new incentive program comprises of three earning periods, which
are calendar years 2008, 2009 and 2010. The number of shares granted
as incentive depends on the achievement of the annual corporate
growth targets defined by the Board of Directors for earnings per
share, order backlog and the services and after sales business. The
potential incentives for the earning period 2008 will be paid in
2009. Of the incentives, approximately half will be paid as Outotec's
shares and half in cash.

In the earning period 2008, the incentive program concerns
approximately 30 key employees. Those some 20 key employees who
belong to Outotec's current share-based incentive program for the
years 2007 and 2008, published on March 23, 2007, are not included in
the new program during the earning period 2008. During the earning
period 2009-2010 the incentive program concerns approximately 60
employees.

The maximum gross value of the new incentive program (2008-2010) will
equal approximately 500,000 Outotec's shares (including the
proportion to be paid in cash), of which for the earning period 2008
the maximum amount will equal 80,000 shares. With the current
quotation for the company's share, the incentives for the earning
period 2008 would be some EUR 3 million. However, the maximum value
for the incentive in earning period 2008 may not be more than double
from the closing price of Outotec's share (EUR 36.83) on February 29,
2008.

The earning period is followed by a two-year commitment period,
during which the participant is not entitled to transfer or hand over
the shares. If the participant's employment or service agreement ends
during the commitment period, he or she must return all or a
proportion of the received shares to the company as incentive without
compensation. The Executive Committee members have an additional
two-year commitment period when he or she must hold 40% of the shares
granted. Furthermore, the CEO's commitment period continues until the
end of his contract.


OUTOTEC OYJ

Tapani Järvinen, CEO



For further information:

OUTOTEC OYJ
Tapani Järvinen, CEO
tel. +358 20 529 2000

Rita Uotila, Vice President - Investor Relations
tel. +358 20 529 2003, mobile +358 400 954141
e-mail rita.uotila(at)outotec.com



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