The proposal of the Nomination Board of Valmet for the composition and remuneration of the Board of Directors

Valmet Oyj's stock exchange release on January 16, 2017 at 4:30 p.m. EET

Proposal for the composition of the Board of Directors

The Nomination Board of Valmet proposes to the next Annual General Meeting, which is planned to be held on March 23, 2017, that the number of members of the Board of Directors until closing of the Annual General Meeting 2018 will be seven and that

• Bo Risberg, Lone Fønss Schrøder, Rogerio Ziviani, Aaro Cantell, Jouko Karvinen and Tarja Tyni are re-elected as Board members,
• Eriikka Söderström is elected as a new Board member.

The Nomination Board proposes that Bo Risberg is re-elected as the Chairman of the Board and Jouko Karvinen is elected as the Vice-Chairman of the Board.

Mikael von Frenckell and Friederike Helfer, members of the Board of Directors of Valmet, have informed Valmet's Nomination Board that they will not be available in the election of the Board of Directors in the next Annual General Meeting. Mikael von Frenckell (born 1947), has served as a member of Metso's Board of Directors 2010-2013, and as the Vice-Chairman 2012-2013. He has served as the Vice-Chairman of Valmet's Board of Directors since the demerger (December 31, 2013). Friederike Helfer (born 1976), has served as a member of Valmet's Board of Directors since the demerger (December 31, 2013).

The Nomination Board notes, that a personnel representative will participate as an invited expert in Board meetings within the limitations imposed by the Finnish law. The new Board of Directors will invite the personnel representative as its external expert in its organizing meeting after the Annual General Meeting.

"In a very global company, such as Valmet, the Board of Directors should have a very extensive experience and possess a wide range of knowledge. I believe that the nominee for the Board of Directors, which the Nomination Board is proposing, more than fulfils this ambition", says Kari Järvinen, the Chairman of the Nomination Board.

Proposed new Member of the Board of Directors

Eriikka Söderström is currently a member of the Board of Directors and the Chairman of the Audit Committee at Comptel Corporation. She has previously been Chief Financial Officer at Kone Corporation and Vacon Plc among others, and held several senior positions within finance, and corporate and business controlling.

Proposal for the remuneration of the Board of Directors

The Nomination Board proposes to the Annual General Meeting that the annual remuneration payable to the members of the Board of Directors to be elected at the Annual General Meeting for the term until the close of the Annual General Meeting in 2018 be as follows: