Metsä Board Oyj — M&A Activity 2015

May 21, 2015

Metsä Board has closed the divestment of Gohrsmühle mill

Metsä Board has closed the divestment of Gohrsmühle mill

Metsä Board Corporation Stock Exchange Release 21 May 2015 at 9 am EET

Metsä Board Corporation, part of Metsä Group, announced on 29 April 2015 that
it has agreed to divest 100 per cent of its shares in Metsä Board Zanders GmbH
including all related liabilities to mutares AG's fully owned holding company
and its partner company.

The transaction has been closed.

METSÄ BOARD CORPORATION

For further information, please contact:

Markus Holm, CFO, tel. +358 10 465 4913