Valmet Oyj — Major Shareholding Notification 2018

May 16, 2018

Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock, Inc ownership in Valmet decreased to below 5 percent

Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock, Inc ownership in Valmet decreased to below 5 percent

Valmet Oyj's stock exchange release on May 16, 2018 at 4:00 p.m. EET

Valmet Oyj has on May 16, 2018 received a notification referred to in Securities
Market Act from BlackRock, Inc, stating that the company's ownership and share
of votes in Valmet Oyj has fallen below the threshold of 5 percent.

As a result of transactions on May 15, 2018, the holding of BlackRock, Inc
decreased to below 5 percent of Valmet Oyj's total number of shares and share of
votes.

Valmet Oyj has one series of shares in which each share carries one vote. The
aggregate number of shares is 149,864,619.

Total positions of BlackRock, Inc subject to the notification obligation:

+-----------------------+----------------+---------------------+---------------+
|  |% of shares and |% of shares and |Total of both |
| |voting rights |voting rights through|in % (A+B) |
| |(total of A) |financial instruments| |
| | |(total of B) | |
+-----------------------+----------------+---------------------+---------------+
|Resulting situation on |Below 5% |Below 5% |Below 5% |
|the date on which | | | |
|threshold was crossed | | | |
|or reached | | | |
+-----------------------+----------------+---------------------+---------------+
|Position of previous |4.32% |0.67% |5.00% |
|notification (if | | | |
|applicable) | | | |
+-----------------------+----------------+---------------------+---------------+

Notified details of the resulting situation on the date on which the threshold
was crossed or reached:

A: Shares and voting rights
+--------------------+----------------------------+----------------------------+
|Class/type of shares|Number of shares and voting |% of shares and voting |
|ISIN code |rights |rights |
| +---------+------------------+---------+------------------+
| |Direct |Indirect |Direct |Indirect |
| |(SMA 9:5)|(SMA 9:6 and 9:7) |(SMA 9:5)|(SMA 9:6 and 9:7) |
+--------------------+---------+------------------+---------+------------------+
|FI4000074984 |  | Below 5%|  | Below 5%|
+--------------------+---------+------------------+---------+------------------+
|SUBTOTAL A | Below 5%| Below 5%|
+--------------------+----------------------------+----------------------------+

B: Financial Instruments according to SMA 9:6a
+--------------+--------------+--------------+-------------+---------+---------+
|Type of |Expiration |Exercise/ |Physical or |Number of|% of |
|financial |date |Conversion |cash |shares |shares |
|instrument | |Period |settlement |and |and |
| | | | |voting |voting |
| | | | |rights |rights |
+--------------+--------------+--------------+-------------+---------+---------+
|Securities |N/A |N/A |Physical |Below 5% |Below 5% |
|Lent | | | | | |
+--------------+--------------+--------------+-------------+---------+---------+
|CFD |N/A |N/A |Cash |Below 5% |Below 5% |
+--------------+--------------+--------------+-------------+---------+---------+
|SUBTOTAL B |Below 5% |Below 5% |
+----------------------------------------------------------+---------+---------+

Further information, please contact:
Calle Loikkanen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET

Kari Saarinen
CFO

Calle Loikkanen
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 2017 were approximately EUR 3.1 billion. Our more than
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
Helsinki.

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

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

[]