2024-10-15 15:30:00 CEST

2024-10-15 15:30:14 CEST


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Valmet Corporation - Inside information

Inside information: Valmet notified of arbitration claim by Metsä Fibre Oy


Inside information: Valmet notified of arbitration claim by Metsä Fibre Oy

Valmet Oyj's stock exchange (inside information) release onOctober 15, 2024 at
4:30 p.m. EEST

Metsä Fibre Oy has filed a request for arbitration against Valmet Technologies
Oy, which is a subsidiary of Valmet. The arbitration concerns Metsä Fibre's
bioproduct mill in Kemi, Finland, which came into operation as planned on
September 20, 2023.

Valmet Technologies Oy disputes the claims brought by Metsä Fibre and will also
actively pursue claims of its own against Metsä Fibre. Metsä Fibre's preliminary
monetary claims put forward amount to approximately EUR 47 million. In addition,
Metsä Fibre has informed that it will claim that Valmet Technologies Oy would be
declared liable for certain potential costs which Metsä Fibre might incur later
based on contractual relationships between Metsä Fibre and other parties. Metsä
Fibre estimates that the current value of such potential claims is approximately
EUR 65 million, but estimates that this amount is likely to decrease.

Valmet's management does not expect to the best of its current understanding any
material adverse impacts on its operations or financial position due to this
arbitration. This assessment takes into account the grounds currently presented,
provisions made, insurance coverage in force, and the extent of Valmet's total
business activities.

Further information, please contact:

Rasmus Oksala, General Counsel, Valmet, tel. +358 50 3173 830

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

VALMET

Katri Hokkanen

CFO

Pekka Rouhiainen

VP, Investor Relations

DISTRIBUTION:

Nasdaq Helsinki

Major media

www.valmet.com

Valmet has a global customer base across various process industries. We are a
leading global developer and supplier of process technologies, automation and
services for the pulp, paper and energy industries, and with our automation and
flow control solutions we serve an even wider base of process industries. Our
more than 19,000 professionals around the world work close to our customers and
are committed to moving our customers' performance forward - every day.

The company has over 220 years of industrial history and a strong track record
in continuous improvement and renewal. Valmet's net sales in 2023 were
approximately EUR 5.5 billion.

Valmet's shares are listed on the Nasdaq Helsinki and the head office is in
Espoo, Finland.

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