Metso Outotec Oyj

Major Shareholding Notification • Jul 1, 2020

Disclosure 385387

Metso Outotec Oyj - Major shareholder announcements

Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Varma Mutual Pension Insurance Company’s holding in Metso Outotec

Metso Outotec Corporation, Stock exchange release on July 1, 2020 at 1:50 p.m. EEST Metso Outotec Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about a change in the holding of Varma Mutual Pension Insurance Company of the total amount of shares and financial instruments entitling to shares of Metso Outotec Corporation. On July 1, 2020, Varma Mutual Pension Insurance Company’s aggregate holding in Metso Outotec (Outotec Oyj until June 30, 2020) fell below the 5 percent threshold of Metso Outotec’s shares and votes. Metso Outotec’s total number of shares and voting rights is 828,972,440. Varma Mutual Pension Insurance Company’s holdings according to the notification: % of shares and % of shares and voting rights Total of voting rights through financial instruments both in % (A) (B) (A + B) Resulting Below 5% - Below 5% situation on the date on which the threshold was reached Position of Above 5% - Above 5% previous notification A: Shares and voting rights Number of % of shares and shares and voting voting rights rights ISIN Code Direct Indirect Direct(SMA Indirect(SMA (SMA 9:5) (SMA 9:6 9:5) 9:6 and 7) and 7) FI0009014575 21,405,359 - 2.58% - SUBTOTAL A 21,405,359 2.58% B: Financial Instruments according to SMA 9:6a Type of Expiration Exercise Physical of Number % of shares financial date Period cash of and voting instrument settlement shares rights and voting rights Securities N/A N/A Physical - - Lent CDF N/A N/A Cash - - SUBTOTAL B - - Metso Outotec Corporation Distribution: Nasdaq Helsinki Media www.mogroup.com Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its illustrative combined sales for 2019 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com (https://www.mogroup.com/), twitter.com/metsooutotec