Transfer of Metsä Board Corporation's own shares to pay the rewards under the incentive scheme for the performance period 2020–2022

Metsä Board Corporation Stock exchange release Changes in company's own shares 15 March 2023 at 4 pm EET

Based on the decision of the Board of Directors of Metsä Board Corporation ("the Company"), a total of 298 785 Company's Series B shares have today been transferred as a reward under the Company's long-term incentive plan for the performance period 2020–2022. The payment of the share bonus was announced on 8 February 2023.

Share: METSB

Number of shares: 298,785

Price/share: Gratuitous

The share reward has been paid to the 25 key employees covered by the incentive scheme in accordance with the terms of the incentive scheme. The share rewards have been paid with the Company's own series B shares held by the Company issued in a directed free share issue, so the total number of shares in the Company will not change. Prior to the directed share issue, the Company held a total of 1,000,000 own series B shares, of which after the directed share issue the Company will hold 701,215 shares.

Further information on Metsä Board’s remuneration and incentive schemes is available at: https://www.metsagroup.com/metsaboard/investors/corporate-governance/compensation/.

METSÄ BOARD CORPORATION