Valmet's largest shareholders according to the shareholder register of September 1, 2016 and formation of the Nomination Board

Valmet Oyj's stock exchange release on September 2, 2016 at 10:30 a.m. EET

The representatives of the four largest shareholders registered in Valmet's shareholder register as of September 1, 2016 are elected to the Nomination Board along with the Chairman of the Board of Directors Bo Risberg as an expert member. The Nomination Board is to prepare proposals on members of the Board of Directors and their remuneration for the next Annual General Meeting, which is planned to be held on March 23, 2017.

According to the shareholders register in Euroclear, Valmet Oyj's four largest shareholders on September 1, 2016 were:

- Solidium Oy (16,695,287 shares and votes or 11.14% of share capital and votes)
- Varma Mutual Pension Insurance Company (5,465,465 shares and votes or 3.65% of share capital and votes)
- Solero LuxCo S.à r.l. (Funds advised by Triton) (5,374,482 shares and votes or 3.59% of share capital and votes)
- Elo Mutual Pension Insurance Company (3,810,000 shares and votes or 2.54% of share capital and votes)

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.

Further information, please contact:
Rasmus Oksala, General Counsel, Valmet, tel. +358 10 672 0026
Hanna-Maria Heikkinen, Vice President, Investor Relations, Valmet, tel. +358 10 672 0007

VALMET

Kari Saarinen
CFO

Hanna-Maria Heikkinen
VP, 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.

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