Valmet Corporation - Company Announcement

Valmet has received a reassessment decision from the Finnish tax authority

Valmet Oyj's stock exchange release on December 22, 2016 at 9:00 a.m. EET

Valmet has received a reassessment decision from the Finnish tax authority for
Valmet Technologies Inc. The reassessment decision is a result of a tax audit
carried out in the company, concerning tax years 2010-2012 when Valmet was part
of Metso Group. The Finnish tax authority has requested Valmet to pay additional
taxes, late payment interest and penalties in total of EUR 19 million. The
decision concerns compensation charged by Valmet Technologies Inc from its
foreign subsidiaries. In this context Valmet is recognizing an income tax
liability in the full amount of EUR 19 million and an income tax receivable of
EUR 14 million, with net income tax expense impact of EUR 5 million in 2016. The
receivable arises from several different tax jurisdictions.

Valmet considers the Finnish tax authority's decision unfounded and will appeal
the decision to Board of Adjustment of the Finnish tax authority.


Further information, please contact:
Kari Saarinen, CFO, Valmet, tel. +358 10 672 9603


VALMET

Kari Saarinen
CFO

Calle Loikkanen
Director, Investor Relations



Valmet is the leading global developer and supplier of process technologies,
automation and services for the pulp, paper and energy industries. We aim to
become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper
production lines, as well as power plants for bioenergy production. Our advanced
services and automation solutions improve the reliability and performance of our
customers' processes and enhance the effective utilization of raw materials and
energy.

Valmet's net sales in 2015 were approximately EUR 2.9 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 Helsinki.

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

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

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