2,271,147 Metsä Board A-shares converted into B-shares

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Metsä Board Corporation Total number of voting rights and capital 17 December 2019 at 1 pm EET

In accordance with Section 14 of the Articles of Association of Metsä Board Corporation, 2,271,147 A-shares have been converted into 2,271,147 B-shares. The conversion has been entered into the Trade Register on 17 December 2019 and trading with these shares is estimated to commence on 18 December 2019.

The total number of Metsä Board shares is 355,512,746. After the conversion the amount of A-shares is 33,087,647 which entitle to approximately 67 per cent of the voting rights in Metsä Board and the amount of B-shares 322,425,099 which entitle to approximately 33 per cent of the voting rights.

METSÄ BOARD CORPORATION

Further information:

Katri Sundström, Vice President, Investor Relations, tel. +358 10 462 0101

Metsä Board

www.metsaboard.com

Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests.

The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2018, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

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