Valmet Oyj — Share Issue/Capital Change 2022

Jun 23, 2022

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 onJune23, 2022 at12:15 p.m. EEST

Valmet's Board of Directors decided on June 21, 2022 on a directed share issue
related to the reward payment of Valmet's long-term share-based incentive plan,
Deferred Share Plan, for the discretionary period 2021.

In the share issue on June 23, 2022, a total of 868 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 17, 2020.

The directed share issue is based on the authorization granted to the Board of
Directors by the Annual General Meeting held on March 22, 2022.

After the share issue, Valmet Oyj holds a total of 342,108 treasury shares.

Further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET

Katri Hokkanen

Interim CFO

Pekka Rouhiainen

Director, Investor Relations

DISTRIBUTION:

Nasdaq Helsinki

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 the 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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