Valmet Corporation - Other information disclosed according to the rules of the Exchange

Decisions by the Shareholders' Meeting of the merged Neles Corporation

Decisions by the Shareholders' Meeting of the merged Neles Corporation

Valmet Oyj's stock exchange release onJune22, 2022 at11:00 a.m.EEST

The final Shareholders' Meeting of Neles Corporation (“Neles”), which has merged
into Valmet Oyj (“Valmet”), was held today in Vantaa.

The Shareholders' Meeting adopted the final accounts of Neles in accordance with
Chapter 16, Section 17 of the Finnish Companies Act, consisting of the financial
statements and annual report for the period January 1 and March 31, 2022.

The Shareholders' Meeting also resolved on discharging the members of the Board
of Directors and the President and CEO of Neles from liability.

Neles was merged into Valmet on April 1, 2022.

Vantaa June 22, 2022

The Board of Directors of the former Neles Corporation

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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