Incentive system

Nurminen Logistics Plc has a share-based incentive plan for the Group key personnel. The Plan includes three earning periods which are calendar years 2008, 2009 and 2010. The potential reward from the Plan for the earning period 2009 was based on the net sales and the operating profit of the Group. No reward was paid for the earning period 2009.

The proportion to be paid in cash covers taxes and tax-related costs arising from the reward. It is prohibited to transfer the shares during the two year restriction period. After this period, the key personnel must, however, own half of the shares earned from the Plan as long as their service or employment in the Group continues. If a key person’s employment or service ends during the restriction period, he/ she must return the shares paid as reward to the company without compensation.

The Plan is directed to start with to 10 –15 people. The rewards to be paid during the 3-year period on the basis of the Plan correspond to the approximate value of a maximum total of 510,000 Nurminen Logistics Plc shares (including also the proportion to be paid in cash).