2022-07-04 15:00:00 CEST

2022-07-04 15:00:11 CEST


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

Composition of Valmet's Nomination Board

Composition of Valmet's Nomination Board

Valmet Oyj's stock exchange release onJuly4, 2022 at 4:00 p.m. EEST

According to Valmet Oyj's Annual General Meeting's decision, Valmet's Nomination
Board consists of the representatives of Valmet's four largest shareholders as
of July 1, and the Chairman of the Board of Directors as an expert member.
Should a shareholder not wish to exercise his/her nomination right, the right
shall be transferred to the next largest shareholder who otherwise would not be
entitled to nominate a member.

Based on the shareholder register of Euroclear on July 1, 2022, Valmet Oyj's
largest shareholders represented in the Nomination Board are Solidium Oy, Oras
Invest Oy, Ilmarinen Mutual Pension Insurance Company and Cevian Capital
Partners Limited. The following persons have been nominated as their
representatives to Valmet's Nomination Board:

-          Annareetta Lumme-Timonen, Investment Director, Solidium Oy (10.10% of
share capital and votes)

-          Jari Paasikivi, Chairman of the Board of Directors, Oras Invest Oy
(3.94% of share capital and votes)

-          Mikko Mursula, Deputy CEO, Investments, Ilmarinen Mutual Pension
Insurance Company (3.01% of share capital and votes)

-          Philip Ahlgren, Vice President, Cevian Capital Partners Limited
(2.39% of share capital and votes)

Mikael Mäkinen, Chairman of Valmet's Board of Directors, will serve as the
Nomination Board's expert member. The Nomination Board is to prepare proposals
on the composition and members of the Board of Directors and their remuneration
for the next Annual General Meeting, which is planned to be held on March 22,

Further information, please contact:

Rasmus Oksala, General Counsel, Valmet, tel. +358 50 317 3830

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


Katri Hokkanen

Interim CFO

Pekka Rouhiainen

Director, Investor Relations


Nasdaq Helsinki

Major media


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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