Valmet Oyj — M&A Activity 2022

Apr 1, 2022

Merger of Valmet Oyj and Neles Corporation has been registered and the combination of Valmet’s and Neles’ business operations has been completed

Merger of Valmet Oyj and Neles Corporation has been registered and the combination of Valmet’s and Neles’ business operations has been completed

Merger of Valmet Oyj and Neles Corporation has been registered and the
combination of Valmet’s and Neles’ business operations has been completed

Valmet Oyj’s stock exchange release on April 1, 2022 at 8:00 a.m. EEST

Valmet Oyj (“Valmet” or the “Company”) announces that the statutory merger of
Neles Corporation (“Neles”) into Valmet (the “Merger”) has been registered with
the Finnish Trade Register on the effective date of the Merger on April 1, 2022.
As a result of the registration of the completion of the Merger, Neles has been
dissolved. Neles is consolidated to Valmet as of April 1, 2022.

Valmet President and CEO, Mr. Pasi Laine, comments: “We are pleased that we can
now start our journey together as a stronger Valmet. I warmly welcome our new
Flow Control business line colleagues to the team. Valmet now has a unique, even
stronger offering for global process industries and a solid platform for further
business growth especially in automation systems and flow control solutions.
From the beginning of the merger process, we have had a strong view on the
excellent long-term value potential to the shareholders, the industrial logic
and synergy potential. With our team of 17,000 professionals around the world we
will now work together in realizing these targets. I want to also thank all the
people who have worked hard in the merger process and integration planning. It
is also important to acknowledge that without the excellent work done in Valmet
and Neles during the past years, this merger would not have been possible. We
now have a good foundation to develop Valmet forward, together.”

As a result of the registration of the completion of the Merger and the new
shares issued as merger consideration to Neles’ shareholders, the total number
of Valmet’s shares is 184,529,605 shares and the share capital is EUR
140,000,000. The new shares have been admitted to trading on the official list
of Nasdaq Helsinki Ltd under the trading code VALMT (ISIN code: FI4000074984).

The new Valmet shares issued as merger consideration have been registered on the
book-entry accounts of Neles’ shareholders today on April 1, 2022. Recipients of
merger consideration shares may trade Valmet shares as from today, April 1,
2022.

Further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10672 0020

VALMET OYJ

Kari Saarinen

CFO

Pekka Rouhiainen

Director, Investor Relations

DISTRIBUTION:

Nasdaq Helsinki Ltd

Major media

www.valmet.com

Valmet is a leading global developer and supplier of process technologies,
automation and services for the pulp, paper and energy industries. With our
automation systems and flow control solutions we serve an even wider base of
process industries.

We aim to become the global champion in serving our customers. Our 17,000
professionals work close to our customers and are committed to improving our
customers’ performance – every day.

The company has over 220 years of industrial history and a strong track record
in continuous improvement and renewal. In 2022, a major milestone was achieved,
when flow control company Neles was merged into Valmet. The combined company net
sales in 2021 was approximately EUR 4.5 billion based on the respective company
figures.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in
Espoo, Finland.

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