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Rovio Entertainment Corp. Rovio launches plan period 2021–2023 of the employee share savings plan

Rovio Entertainment Corporation        Stock Exchange Release                            March 1, 2021 at 3.30 p.m. EET

Rovio Entertainment Corp. Rovio launches plan period 2021–2023 of the employee share savings plan

The Board of Directors of Rovio Entertainment Corporation decided to launch a new plan period 2021–2023 of the employee share savings plan (ESS plan), established in 2020. A new plan period commences on April 1, 2021 and ends on August 31, 2023. The overall details of the new plan period are similar to the previous plan period. Approximately 120 employees have become Rovio shareholders through the ESS plan during plan period of 2020-2022.

The new plan period is offered to approximately 470 Rovio employees, excluding employees in China and United States and Hatch Entertainment. Participation in the ESS plan is voluntary. The savings period of plan period 2021–2023 commences on April 1, 2021 and ends on March 31, 2022. Participants may save a minimum of 2% and maximum of 8% of their salaries in the plan. The savings will be used for acquiring Rovio shares quarterly after the publication dates of the respective interim reports. Dividends paid for the shares will be reinvested in additional shares to be purchased from the market on the next potential acquisition date. As a reward for the commitment, Rovio grants the participating employees one free matching share (gross) for every two savings shares acquired with their savings, including the proportion to be paid in cash to cover applicable taxes and tax-related costs. The prerequisites for receiving the matching shares are continued employment and holding of savings shares until the end of the holding period ending on August 31, 2023. The matching shares are paid to the participating employees after the holding period.

The savings shares and matching shares in the plan period will be acquired by purchasing shares from the market. The total amount of all savings during the plan period may not exceed 2,400,000 euros. The Board of Directors will decide on potential following plan periods and their details separately.

ROVIO ENTERTAINMENT CORPORATION
The Board of Directors

Further information:
Rene Lindell, CFO
RovioIR@rovio.com
Media desk: +358 40 485 8985

Distribution:
Nasdaq Helsinki Ltd
Key media
https://investors.rovio.com/en  

About Rovio:
Rovio Entertainment Corporation is a global, mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 4.5 billion times so far. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment and consumer products in brand licensing. Today, Rovio offers multiple mobile games, animations and produced The Angry Birds Movie in 2016. Its sequel, The Angry Birds Movie 2, was released in 2019. Rovio is headquartered in Finland and the company's shares are listed on the main list of NASDAQ Helsinki stock exchange with the trading code ROVIO. (www.rovio.com)


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