The Nomination Board of Valmet proposed to the next Annual General Meeting, which is planned to be held on March 23, 2017, that the number of members of the Board of Directors until closing of the Annual General Meeting 2018 will be seven and that Eriikka Söderström is elected as a new Board member. The Nomination Board proposes that Bo Risberg is re-elected as the Chairman of the Board and Jouko Karvinen is elected as the Vice-Chairman of the Board. Mikael von Frenckell and Friederike Helfer, members of the Board of Directors of Valmet, have informed Valmet's Nomination Board that they will not be available in the election of the Board of Directors in the next Annual General Meeting. Proposed new Member of the Board of Directors: Eriikka Söderström is currently a member of the Board of Directors and the Chairman of the Audit Committee at Comptel Corporation. She has previously been Chief Financial Officer at Kone Corporation and Vacon Plc among others, and held several senior positions within finance, and corporate and business controlling.