Valmet Oyj — AGM Information 2021

Sep 3, 2021

Composition of Valmet’s Nomination Board

Composition of Valmet’s Nomination Board

Composition of Valmet’s Nomination Board

Valmet Oyj’s stock exchange release on September 3, 2021 at 9:00 a.m. EEST

According to Valmet Oyj’s Annual General Meeting’s decision, Valmet’s Nomination
Board consists of the representatives of Valmet’s four largest shareholders as
of September 1, and the Chairman of the Board of Directors as an expert member.
Should a shareholder not wish to exercise his/her nomination right, the right
shall be transferred to the next largest shareholder who otherwise would not be
entitled to nominate a member.

Based on the shareholder register of Euroclear on September 1, 2021, Valmet
Oyj’s largest shareholders represented in the Nomination Board are Solidium Oy,
Ilmarinen Mutual Pension Insurance Company, Elo Mutual Pension Insurance Company
and Varma Mutual Pension Insurance Company. The following persons have been
nominated as their representatives to Valmet’s Nomination Board:

• Annareetta Lumme-Timonen, Investment Director, Solidium Oy (11.14% of share
  capital and votes)

• Mikko Mursula, Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance
  Company (2.74% of share capital and votes)

• Hanna Hiidenpalo, Interim CEO, Director, Chief Investment Officer, Elo Mutual
  Pension Insurance Company (1.59% of share capital and votes)

• Reima Rytsölä, Deputy CEO, Investments, Varma Mutual Pension Insurance Company
  (1.39% of share capital and votes)

Mikael Mäkinen, Chairman of Valmet's Board of Directors, will serve as the
Nomination Board's expert member. The Nomination Board is to prepare proposals
on the composition and members of the Board of Directors and their remuneration
for the next Annual General Meeting, which is planned to be held on March 22,
2022.

Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. +358 50 317 3830
Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 40 739 5897

VALMET

Kari Saarinen
CFO

Pekka Rouhiainen
Director, Investor Relations

Valmet is the leading global developer and supplier of process technologies,
automation and services for the pulp, paper and energy industries. We aim to
become the global champion in serving our customers.

Valmet’s strong technology offering includes pulp mills, tissue, board and paper
production lines, as well as power plants for bioenergy production. Our advanced
services and automation solutions improve the reliability and performance of our
customers’ processes and enhance the effective utilization of raw materials and
energy.

Valmet’s net sales in 2020 were approximately EUR 3.7 billion. Our more than
14,000 professionals around the world work close to our customers and are
committed to moving our customers’ performance forward – every day. Valmet’s
head office is in Espoo, Finland and its shares are listed on the Nasdaq
Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

Follow Valmet IR on Twitter www.twitter.com/valmetir

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