The combination of Raute Corporation's share classes and amendment of Articles of Association have been registered with the Trade register

RAUTE CORPORATION STOCK EXCHANGE RELEASE 3 APRIL 2023 AT 9.00 A.M. EEST

THE COMBINATION OF RAUTE CORPORATION’S SHARE CLASSES AND AMENDMENT OF ARTICLES OF ASSOCIATION HAVE BEEN REGISTERED WITH THE TRADE REGISTER

As previously announced, Raute Corporation’s (the “Company”) Annual General Meeting decided on the combination of share classes by amending the Articles of Association by removing Articles concerning the different share classes. The amendments to the Articles of Association have been registered with the trade register maintained by the Finnish Patent and Registration Office today, on April 3, 2023, in accordance with the decision of the Annual General Meeting held on March 30, 2023, and the combination of the share classes has thereby entered into force. The amended Articles of Association is attached to this stock exchange release as appendix.

After the completion of the combination of the share classes, all of the Company’s shares are of the same class and carry equal rights in the company, including one (1) vote in General Meetings. The total number of the Company’s shares does not change as result of the combination of the share classes, but the previous ordinary shares, which were not subject to trading on the official list of Nasdaq Helsinki Ltd’s stock exchange (the “Helsinki Stock Exchange”), have been converted to shares in the only share class of the Company at conversion rate of 1:1 (the “Conversion Shares”). After the registration of the amendment to the Articles of Association, the total number of the Company’s shares is 4,263,194 and the total number of votes is 4,263,194.

The company intends to apply for the admission of the Conversion Shares to trading on the Helsinki Stock Exchange, so that trading in the shares begins as soon as possible after the publication of a prospectus, approximately mid-May. The Conversion Shares have a temporary ISIN code of FI4000549928 until the Conversion Shares are admitted to trading on the Helsinki Stock Exchange. After the Conversion Shares have been admitted to trading on the Helsinki Stock Exchange, they will have the same ISIN code of FI0009004741 and trading symbol “RAUTE” as the Company’s shares that are already subject to trading on the Helsinki Stock Exchange.

RAUTE CORPORATION

Mika Saariaho

President and CEO

FURTHER INFORMATION

Mika Saariaho, President and CEO, tel. +358 40 1549393

DISTRIBUTION:

Nasdaq Helsinki Ltd, principal media, www.raute.com

RAUTE IN BRIEF - MAKING WOOD MATTER 

Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products.  Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2022 were EUR 158.3 million. The Group’s headcount at the end of 2022 was 778. More information about the company can be found at www.raute.com.

Appendix 1: Raute Corporation Articles of Association