NEWS

(03/28/2022 / sbr)

Valmet & Neles: Supplement to merger prospectus approved

The Finnish Financial Supervisory Authority has approved today, March 28, 2022, a supplement to the Finnish language merger and listing prospectus (the “Merger Prospectus”) concerning the merger between Valmet Oyj (“Valmet”) and Neles Corporation (“Neles”) (the “Merger”).

The supplement relates to stock exchange releases published by Valmet and Neles on March 21, 2022, according to which Valmet and Neles have received all necessary competition approvals for the Merger. The supplement also relates to stock exchange releases published by Valmet and Neles on March 22, 2022 concerning the fulfillment or waiving of all other conditions to completion of the Merger aside from the extra distribution of funds of Neles and resolution to complete the Merger on April 1, 2022, conditional on the extra distribution of funds of Neles having been executed prior to the completion of the Merger. The supplement also relates to stock exchange releases published by Valmet and Neles on March 22, 2022 concerning the decision by the Board of Directors of Neles on the extra distribution of funds and the decisions by the Annual General Meeting 2022 of Neles, published by Neles on March 22, 2022.

The Merger Prospectus and the supplement to the Merger Prospectus will be available starting on March 28, 2022 on Valmet’s website at www.valmet.com/merger and on Neles’ website at www.neles.com/merger as well as at Valmet’s registered office at Keilasatama 5, FI-02150 Espoo, Finland, at Neles’ registered office at Vanha Porvoontie 229, FI-01380 Vantaa, Finland and at the reception of Nasdaq Helsinki Ltd at Fabianinkatu 14, FI-00100 Helsinki, Finland. The English language translation of the Merger Prospectus (the “English Merger Prospectus”) and the supplement to the English Merger Prospectus will be available starting on March 28, 2022 on Valmet’s website at www.valmet.com/merger and on Neles’ website at www.neles.com/merger.