Metsä Board Oyj — Share Issue/Capital Change 2015

Jan 7, 2015

90,000 Metsä Board’s A-shares converted into B-shares

90,000 Metsä Board’s A-shares converted into B-shares

Metsä Board Corporation Stock Exchange Release 7 January 2015 at 9.05 am EET

In accordance with Section 14 of the Articles of Association of Metsä Board
Corporation, 90,000 A-shares have been converted into 90,000 B-shares. The
conversion has been entered into the Trade Register on 7 January 2015 and
trading with these shares commences on 8 January 2015.

The total number of Metsä Board's shares is 328,165,612. After the conversion
the amount of A-shares is 35,895,651 which entitle to 71 per cent of the voting
rights in Metsä Board and the amount of B-shares is 292,269,961 which entitle
to 29 per cent of the voting rights.

METSÄ BOARD CORPORATION

For further information, please contact:
Markus Holm, CFO, tel. +358 10 465 4913