Metsä Board Oyj - Changes in company's own shares

Transfer of Metsä Board Corporation's own shares to pay the rewards under the incentive scheme for the performance period 2022-2024

Metsä Board Corporation Stock Exchange Release Changes in company's own shares
14 March 2025 at 3 p.m. EET

Based on the decision of the Board of Directors of Metsä Board Corporation ("the
Company"), a total of 124,790 Company's Series B shares have today been
transferred as rewards under the Company's long-term incentive plan for the
performance period 2022-2024. The payment of the share bonuses was announced on
6 February 2025.

Share: METSB

Number of shares: 124,790

Price/share: Without consideration

The share rewards have been paid to the 27 key employees covered by the
incentive scheme in accordance with the terms of the incentive scheme. The share
rewards have been paid with the Company's own series B shares held by the
Company issued in a directed share issue without consideration, so the total
number of shares in the Company will not change. Prior to the directed share
issue, the Company held a total of 466,496 own series B shares, of which after
the directed share issue the Company will hold 341,706 shares.

Further information on Metsä Board's remuneration and incentive schemes is
available at: https://www.metsagroup.com/metsaboard/investors/corporate
-governance/compensation/.

METSÄ BOARD CORPORATION

Further information:
Katri Sundström, VP, Investor Relations, tel. +358 10 462 0101
Eeva Impiö-Loimaala, General Counsel, tel. +358 44 040 3877

Metsä Board
metsagroup.com/metsaboard (http://www.metsagroup.com/metsaboard/)

Metsä Board is a producer of lightweight and high-quality folding boxboards,
food service boards and white kraftliners. The fresh wood fibres we use in our
products are a renewable and recyclable resource, that can be traced back to
Northern European forests. We aim to have completely fossil-free mills and raw
materials by 2030. We promote a culture of diversity, equality and inclusion.

Metsä Board is listed on the Nasdaq Helsinki. In 2024 our sales totalled EUR 1.9
billion, and we have around 2,300 employees. Metsä Board is part of Metsä Group,
whose parent company Metsäliitto Cooperative is owned by over 90,000 Finnish
forest owners.

Follow Metsä Board:
LinkedIn (https://www.linkedin.com/company/metsa
-board/)   Instagram (https://www.instagram.com/metsaboard/?hl=en)
 YouTube (https://www.youtube.com/playlist?list=PLF6CD152EF0DA1E61)