Valmet Corporation - Company Announcement

The Board of Directors of Valmet resolved on continuing the long term incentive plan for key employees

Valmet Corporation's stock exchange release on December 16, 2015 at 4:30 p.m.
EET

The Board of Directors of Valmet has decided to continue the share based
incentive program for Valmet's key employees approved in December 2014. The aim
of the program is to combine the objectives of the shareholders and the key
employees in order to increase the value of the company, to commit the key
employees to Valmet, and to offer them a competitive reward plan based on
holding the company's shares.

The program approved in 2014 includes three discretionary periods, which are the
calendar years 2015, 2016 and 2017. The Board of Directors of Valmet shall
decide on the performance criteria and targets in the beginning of each
discretionary period. The potential reward of the program from the discretionary
period 2016 is based on EBITA % improvement and orders received growth % of the
stable business, that is, the Services and Automation business lines. The
potential reward of the plan from the discretionary period 2016 will be paid
partly as Valmet shares and partly in cash in 2017. The proportion to be paid in
cash is intended to cover taxes and tax-related costs arising from the reward to
the key employee. As a rule, no reward is paid, if the key employee's employment
or service ends before the reward payment.

As part of the share based incentive program members of the Valmet Executive
Team shall have a possibility to receive a matching share reward for the
discretionary period 2016 provided that he or she owns or acquires Valmet shares
up to a number determined by the Board of Directors by December 31, 2016. Reward
receipt is tied to the continued employment or service of the Valmet Executive
Team member upon reward payment.

The reward of the plan may not exceed 120 percent of the key employee's annual
total base salary. The shares paid as reward may not be transferred during the
restriction period, which will end two years from the end of the discretionary
period. Should a key employee's employment or service end during the restriction
period, as a rule, he or she must gratuitously return the shares given as reward
to Valmet.

The plan is directed to approximately 80 people. The rewards to be paid on the
basis of the plan are in total an approximate maximum of 850,000 shares in
Valmet.

Espoo, December 16, 2015

VALMET

The Board of Directors

Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. +358 10 672 0001
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet, tel.
+358 10 672 0007



Valmet is the leading global developer and supplier of technologies, automation
and services for the pulp, paper and energy industries. Valmet's vision is to
become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. The strong technology offering includes pulp
mills, tissue, board and paper production lines, as well as power plants for
bio-energy production. Valmet's advanced automation solutions range from single
measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000
professionals around the world work close to our customers and are committed to
moving our customers' performance forward - every day. Valmet's head office is
in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

Read more www.valmet.com, www.twitter.com/valmetglobal

Follow Valmet IR in Twitter www.twitter.com/valmetir


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