Valmet Oyj — Major Shareholding Notification 2015

Sep 2, 2015

Valmet's largest shareholders according to the shareholder register of September 1, 2015 and formation of the Nomination Board

Valmet's largest shareholders according to the shareholder register of September 1, 2015 and formation of the Nomination Board

Valmet Corporation's stock exchange release on September 2, 2015 at 9:45 a.m.
EET

The representatives of the four largest shareholders registered in Valmet's
shareholder register as of September 1, 2015 are elected to the Nomination Board
along with the Chairman of the Board of Directors Bo Risberg as an expert
member. The Nomination Board is to prepare proposals on members of the Board of
Directors and their remuneration for the next Annual General Meeting which is
planned to be held on March 22, 2016.

According to the shareholders register in Euroclear, Valmet Corporation's four
largest shareholders on September 1, 2015 were:

• Solidium Oy (16,695,287 shares and votes or 11.14% of share capital and votes)
• Cevian Capital Partners Ltd (10,323,191 shares and votes or 6.89% of share
  capital and votes)
• Solero LuxCo S.à r.l. (Funds advised by Triton) (5,349,756 shares and votes or
  3.57% of share capital and votes)
• Varma Mutual Pension Insurance Company (4,208,465 shares and votes or 2.81% of
  share capital and votes)

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.

Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. +358 10 672 0026
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet, tel.
+358 10 672 0007

VALMET

Markku Honkasalo
CFO

Hanna-Maria Heikkinen
VP, Investor Relations

Valmet is the leading global developer and supplier of technologies, automation
and services for the pulp, paper and energy industries. Valmet's vision is to
become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. The strong technology offering includes pulp
mills, tissue, board and paper production lines, as well as power plants for
bio-energy production. Valmet's advanced automation solutions range from single
measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000
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 OMX Helsinki Ltd.

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

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

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