Raute Oyj — Board/Management Information 2020

Feb 17, 2020

Disclosure 379202

Raute - Other information disclosed according to the rules of the Exchange

Appointments Committee's proposal regarding composition of Raute Corporation's Board of Directors

RAUTE CORPORATION STOCK EXCHANGE RELEASE 17 FEBRUARY 2020 at 11:30 a.m.

APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S BOARD OF DIRECTORS

Raute Corporation's Appointments Committee has informed that it will propose to the Annual General Meeting convening on 31 March 2020 that the number of the Board members is six. The Appointments Committee proposes that Ms. Laura Raitio, Lic.Tech. (Forest products technology), be re-elected as Chair of the Board of Directors, Mr. Mika Mustakallio, M.Sc. (Econ.), be re-elected as Vice-Chair of the Board of Directors and Mr. Joni Bask, M.Sc. (Eng.), Mr. Ari Harmaala, Engineer, Construction technology, Mr. Pekka Suominen, M. Sc. (Econ.), and Mr. Patrick von Essen, M.Sc. (Eng.) be re-elected as members of the Board of Directors.

The Appointments Committee further proposes that the remunerations to the Board members shall continue to be 48,000 euros to the Chair of the Board and 24,000 euros to the Board members for the term of office.

Raute Corporation’s Appointments Committee consists of Chair of the Board Ms. Laura Raitio, Vice-Chair Mr. Mika Mustakallio and Board member Mr. Pekka Suominen.

The proposals above will be included in the notice to the Annual General Meeting which will be published later.

RAUTE CORPORATION

Tapani Kiiski

President and CEO

FURTHER INFORMATION:

Ms. Laura Raitio, Chair of the Board of Directors, mobile +358 50 3860004

DISTRIBUTION:

Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:

Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber. Its technology offering covers the entire production process for veneer, plywood and LVL and special measurement equipment for sawn timber. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in the Nastola area of Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, the Shanghai area of China and in Pullman, Washington, USA. Raute’s net sales in 2019 were EUR 151.3 million. The Group’s headcount at the end of 2019 was 778. More information about the company can be found at www.raute.com.