Valmet Oyj has filed a listing application for the listing of new shares in Valmet to be received by shareholders of Neles as merger consideration

HELSINKI, March 25, 2022 /PRNewswire/ --

Valmet Oyj's stock exchange release on March 25, 2022 at 3:00 p.m. EET

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Valmet Oyj ("Valmet") and Neles Corporation ("Neles") announced on July 2, 2021 that Valmet and Neles will merge creating a leading company with a unique offering for process industries globally (the "Merger").

As announced on March 22, 2022, the Boards of Directors of Valmet and Neles have concluded that all conditions to completion of the Merger aside from the extra distribution of funds of Neles have been fulfilled or waived and resolved to complete the Merger conditional on the extra distribution of funds of Neles having been executed prior to the completion of the Merger. As announced on March 22, 2022, the Board of Directors of Neles has resolved on the extra distribution of funds of Neles and that the extra distribution will be paid on March 31, 2022. Provided that the extra distribution will have been executed, the execution of the Merger is expected to be registered at the Finnish Trade Register on April 1, 2022.

Valmet has today filed a listing application with Nasdaq Helsinki Ltd ("Nasdaq Helsinki") for the admission to trading of 34,664,986 new shares in Valmet to be received by shareholders of Neles as merger consideration in connection with the completion of the Merger on the official list of Nasdaq Helsinki.

Provided that the extra distribution of Neles will have been executed and the listing application will be approved, trading in the new shares on the official list of Nasdaq Helsinki under the trading code VALMT (ISIN code: FI4000074984) is expected to commence on April 1, 2022.

VALMET OYJ

For further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. [phone]

DISTRIBUTION:

Nasdaq Helsinki

Major media

www.valmet.com

Information on Valmet and Neles in brief