Metsä Board Oyj - Company Announcement

Metsä Board divests Gohrsmühle mill in Germany

Metsä Board Corporation Stock Exchange Release 29 April 2015 at 3:00 pm EET

Metsä Board Corporation, a part of Metsä Group, has agreed to divest 100 per
cent of its shares in Metsä Board Zanders GmbH including all related
liabilities to mutares AG and its partner company. Metsä Board Zanders GmbH
contains the business operations of Gohrsmühle mill located in Bergisch
Gladbach, Germany. Gohrsmühle mill has approximately 480 employees and its main
products are cast coated and label papers. 

Closing of the transaction is subject to German competition authorities'
approval and it is expected to take place by the end of May 2015. 

The divestment would reduce Metsä Board's annual sales by approximately EUR 90
million and improve operating result by approximately EUR 20 million compared
to 2014. A related positive non-recurring item of EUR 15 million is expected to
be booked in Non-core operations segment's 2Q 2015 operating result. 

“This is an important step in our transformation to a paperboard company and
also a major profit improvement measure. mutares AG is in a good position to
develop Gohrsmühle mill's businesses further together with the personnel”,
comments CEO Mika Joukio. 

mutares AG is a German industrial holding company that focuses on acquiring
medium-sized companies with the goal of sustainably increasing their value in
close co-operation with their management and employees. Annual sales of mutares
Group was approximately EUR 650 million in 2014. mutares AG is listed in the
Frankfurt stock exchange (ISIN: DE000A0SMSH2). 


METSÄ BOARD CORPORATION

For further information, please contact:

Markus Holm, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10
465 4335