Valmet Corporation - Changes in company's own shares

Directed share issue related to reward payment of Valmet's share-based long-term incentive plans

Directed share issue related to reward payment of Valmet's share-based long-term
incentive plans

Valmet Oyj's stock exchange release onJune 20, 2024 at 4:30 p.m. EEST

Valmet's Board of Directors decided on June 18, 2024, on a directed share issue
related to the reward payment of Valmet's share-based long-term incentive plan -
Deferred Share Plan, for the performance period 2023.

In the share issue on June 20, 2024, a total of 736 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
share-based long-term incentive plan is available in a stock exchange release
published on December 20, 2022.

The directed share issue is based on the authorization granted to the Board of
Directors by the Annual General Meeting held on March 21, 2024.

After the share issue, Valmet Oyj holds a total of 361,400 treasury shares.

Further information, please contact:

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 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. 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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