Valmet Oyj: Notification according to Chapter 9, Section 5 of the Finnish Securities Markets Act: Solidium Oy ownership in Valmet decreased to below 10 percent

Valmet Oyj: Notification according to Chapter 9, Section 5 of the Finnish Securities Markets Act: Solidium Oy ownership in Valmet decreased to below 10 percent

Valmet Oyj’s stock exchange release on April 1, 2022 at 10:30 a.m. EEST

Valmet Oyj (“Valmet”) has on April 1, 2022 received the following notification from Solidium Oy, pursuant to the Finnish Securities Markets Act (as amended, the “SMA”), stating that Solidium Oy’s ownership and share of votes in Valmet has fallen below the threshold of 10 percent on April 1, 2022. The reason for the notification was an event changing the breakdown of shares or voting rights.

Valmet and Neles Corporation (“Neles”) announced on July 2, 2021, that Valmet and Neles will merge in a statutory absorption merger whereby Neles will be merged into Valmet. Valmet announced today on April 1, 2022, that the completion of the merger and the new shares in Valmet to be issued as merger consideration to Neles' shareholders have today been registered in the Finnish Trade Register. As a result of the aforementioned registration of the merger and the new shares, the share of Solidium's shares and voting rights in Valmet has fallen below the threshold of 10 percent as referred to in Chapter 9, Section 5 of the SMA.

Valmet has one series of shares in which each share carries one vote. The aggregate number of shares is 184,529,605.

Total positions of Solidium Oy according to the notification:

	% of shares and voting rights (total of A)	% of shares and voting rights through financial instruments (total of B)	Total of both in % (A+B)
Resulting situation on the date on which threshold was crossed or reached	9.25%	-	9.25%
Position of previous notification (if applicable)	11.07%	-	11.07%

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Class/type of shares ISIN code	Number of shares and voting rights		% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI4000074984	17,072,199	-	9.25%	-
SUBTOTAL A	17,072,199		9.25%

Further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET OYJ

Kari Saarinen

CFO

Pekka Rouhiainen

Director, Investor Relations

DISTRIBUTION:

Nasdaq Helsinki Ltd

Major media

www.valmet.com

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries.

We aim to become the global champion in serving our customers. Our 17,000 professionals work close to our customers and are committed to improving our customers’ performance – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved, when flow control company Neles was merged into Valmet. The combined company net sales in 2021 was approximately EUR 4.5 billion based on the respective company figures.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

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