Proposals by the Nomination Board of Uponor Corporation to the Annual General Meeting 2012

Uponor Corporation             Stock Exchange Release                 1 February 2012  12.00 EET

Proposals by the Nomination Board of Uponor Corporation to the Annual General Meeting 2012

REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS

The Nomination Board proposes to the general meeting that the yearly remuneration to the members of the Board of Directors shall remain unchanged.

Presently, the yearly remuneration received by the Chairman of the Board equals €71,000, €49,000 by the Deputy Chairman of the Board and €44,000 by other members of the Board. Approximately 40% of the remuneration is paid by acquiring Uponor Corporation’s shares in public trading and the rest in cash. The travel expenses related to Board meetings are paid according to the company’s travel policy.

In addition to this, a remuneration per each actual board and committee meeting (excluding decisions without a meeting) is paid, amounting to €600 for meetings held in the home country of the member, €1,200 for meetings held elsewhere in Europe, and €2,400 for meetings held outside of Europe. The remuneration for telephone meetings equals the remuneration for meetings held in the home country of the member.

NUMBER OF THE MEMBERS OF THE BOARD OF DIRECTORS

The Nomination Board proposes to the general meeting that the number of Board members remains at six.

ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS

The Nomination Board proposes to the general meeting that the present members Mr Jorma Eloranta, Ms Eva Nygren, Mr Jari Paasikivi, Ms Anne-Christine Silfverstolpe Nordin and Mr Rainer S. Simon be re-elected to the Board and that Mr Jari Rosendal shall be elected as a new member.

Mr Jari Rosendal (b. 1965), M.Sc. (Eng.), is Finnish citizen, and acts as President, Non-ferrous Solutions business area at Outotec Oyj.

The Nomination Board has consisted of the following representatives: Pekka Paasikivi, chairman (Oras Invest), Risto Murto (Varma), Timo Ritakallio (Ilmarinen) and Jari Paasikivi (expert member).

 

For more information, please contact:
Pekka Paasikivi, Chairman of the Nomination Board
Tel: +358 50 501 0666

Reetta Härkki, General Counsel, Uponor Corporation
Tel: +358 20 129 2835

 

Uponor Corporation

 

Tarmo Anttila
Vice President, Communications
Tel. +358(0)20 129 2852

 

DISTRIBUTION:
NASDAQ OMX Helsinki
Media
www.uponor.com

 

Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. Uponor offers its customers solutions that are technically advanced, ecologically sustainable, and safe and reliable to own and operate. The Group employs approx. 3,200 persons, in 30 countries. In 2010, Uponor's net sales totalled €750 million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.