Valmet Oyj's Annual General Meeting's decision, Valmet's Nomination Board consists of the representatives of Valmet's four largest shareholders as of July 1, and the Chair of the board of directors as an expert member. Based on the shareholder register of Euroclear on July 1, 2024, Valmet Oyj's largest shareholders represented in the Nomination Board are Oras Invest Oy, Solidium Oy, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company. The following persons have been nominated as their representatives to Valmet's Nomination Board: Jari Paasikivi, Chair of the Board of Directors, Oras Invest Oy (10.40% of share capital and votes); Reima Rytsölä, CEO, Solidium Oy (10.10% of share capital and votes); Markus Aho, Chief Investment Officer, Varma Mutual Pension Insurance Company (3.98% of share capital and votes); Mikko Mursula, Deputy CEO, CIO, Ilmarinen Mutual Pension Insurance Company (3.74% of share capital and votes).

Mikael Mäkinen, Chair of Valmet's Board of Directors, will serve as the Nomination Board's expert member. The Nomination Board is to prepare proposals on the composition and members of the Board of Directors and their remuneration for the next Annual General Meeting, which is planned to be held on March 26, 2025.