Valmet Oyj — Share Issue/Capital Change 2021

Sep 13, 2021

Directed share issue related to reward payment of Valmet’s long-term share-based incentive plan

Directed share issue related to reward payment of Valmet’s long-term share-based incentive plan

Directed share issue related to reward payment of Valmet’s long-term share-based
incentive plan

Valmet Oyj’s stock exchange release on September 13, 2021 at 4:00 p.m. EEST

Valmet’s Board of Directors decided on September 8, 2021 on a directed share
issue related to the reward payment of Valmet’s long-term share-based incentive
plan for the discretionary period 2020.

In the share issue on September 13, 2021, a total of 272 Valmet’s treasury
shares have been conveyed without consideration to the participants of the plan,
in accordance with the terms and conditions of the plan. More information about
the long-term share-based incentive plan is available in a stock exchange
release published on December 19, 2019.

The directed share issue is based on the authorization granted to the Board of
Directors by the Annual General Meeting held on March 23, 2021.

After the share issue, Valmet Oyj holds a total of 391,086 treasury shares.

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

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 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

Processing of personal data (https://www.valmet.com/content_folder/processing-of
-personal-data/)