Metsä Board Oyj - Company Announcement

Metsä Group’s executive management’s shareholding system in which Metsä Board’s CEO Mikko Helander participated has been dissolved

Metsä Board Corporation Stock Exchange Release on 26 February 2014 at 2 pm EET

Metsä Board Corporation told on 10 August 2010 that CEO Mikko Helander
participates in Metsä Group's (then Metsäliitto Group) executive management's
shareholding scheme, the purpose of which has been to encourage members of
Metsä Group's executive management to acquire and own Metsä Board's shares and,
through this, to increase Metsä Group's long-term shareholder value and to
support the achievement of strategic targets. For purposes of owning shares,
members of Metsä Group's Executive Management Team acquired a holding company
called Metsäliitto Management Oy, which acquired Metsä Board's B-series shares
with equity capital from management and interest-bearing loan capital granted
by Metsäliitto Cooperative. CEO Helander invested approximately EUR 500,000 of
his own funds to indirectly hold altogether EUR 881,933 B-series shares in the
company. 

Since the volume weighted average price of Metsä Board's B-share during the 20
trading days after the announcement of the company's 3Q 2013 results exceeded
the average purchase price of the B-series shares acquired under the scheme,
the shareholding scheme has in February 2014 been dissolved in accordance with
its terms. Upon dissolving of the system, Helander is entitled to a share of
Metsäliitto Management Oy's net assets, which share corresponds to his holding
in Metsäliitto Management Oy, altogether approximately EUR 569,000. 

Helander participates in the company's ongoing share ownership scheme effective
until 2018, as published by a stock exchange release on 7 February 2014. 



METSÄ BOARD CORPORATION

Further information:
Kari Jordan, Chairman of the Board of Directors, 010 465 4262