Composition of Metso Outotec’s Shareholders' Nomination Board

The four largest shareholders of Metso Outotec have nominated representatives to the Shareholders’ Nomination Board, which includes the Chair of the Board of Directors as the fifth member.

Metso Outotec’s four largest registered shareholders on August 15, 2022, were Solidium (14.9% of shares and votes), Cevian Capital Partners (7.8% of shares and votes), Ilmarinen Mutual Pension Insurance Company (3.0% of shares and votes) and Varma Mutual Pension Insurance Company (2.7% of shares and votes).

As a result, Metso Outotec’s Shareholders’ Nomination Board consists of:

• Annareetta Lumme-Timonen, Investment Director, Solidium
• Niko Pakalén, Partner, Cevian Capital Partners Ltd
• Mikko Mursula, Deputy CEO, Investments, Ilmarinen
• Risto Murto, President & CEO, Varma
• Kari Stadigh, Chair of Metso Outotec's Board of Directors

The Shareholders’ Nomination Board should provide its proposals relating to the composition of the Board and Board remuneration to the Metso Outotec Board of Directors on January 31, 2023, at the latest.

Further information, please contact:

Nina Kiviranta, General Counsel, tel. +358 20 529 2017, nina.kiviranta@mogroup.com

Distribution:

Nasdaq Helsinki Ltd

Main media

www.mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/