Metsä Board Oyj — Capital/Financing Update 2014

Nov 27, 2014

Disclosure 319588

Metsä Board Oyj - Company Announcement

Moody's Investors Service upgraded Metsä Board's credit rating

Metsä Board Corporation Stock Exchange Release 27 November 2014 at 5.35 pm EET Moody's Investors Service has upgraded Metsä Board Corporation's rating from B2 to B1. The outlook of the rating is positive. The upgrade does not have an impact on Metsä Board's current annual financing costs. METSÄ BOARD CORPORATION Further information: Markus Holm, CFO, tel. +358 10 465 4913 Juha Laine, VP, Investor Relations and Communications, tel. +358 10 465 4335