Valmet Oyj: Notification according to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act: The Goldman Sachs Group, Inc. ownership in Valmet decreased to below 5 percent

Valmet Oyj: Notification according to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act: The Goldman Sachs Group, Inc. ownership in Valmet decreased to below 5 percent

Valmet Oyj’s stock exchange release on August 13, 2024 at 1:30 p.m. EEST

Valmet Oyj (“Valmet”) has on August 12, 2024, received the following notification from The Goldman Sachs Group, Inc., pursuant to the Finnish Securities Markets Act (as amended, the “SMA”), stating that The Goldman Sachs Group, Inc. ownership and share of votes in Valmet has fallen below the threshold of 5 percent on August 9, 2024.

Valmet has one series of shares in which each share carries one vote. The aggregate number of shares is 184,529,605.

Total positions of The Goldman Sachs Group, Inc. according to the notification:

% of shares and voting rights
(total of A)

% of shares and voting rights through financial instruments
(total of B)

Total of both in % (A+B)

Resulting situation on the date on which threshold was crossed or reached

0.07%

4.87%

4.95%

Position of previous notification (if applicable)

0.07%

4.95%

5.02%

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Class/type of shares ISIN code	Number of shares and voting rights		% of shares and voting rights
	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI4000074984		137,402		0.07%
SUBTOTAL A	137,402		0.07%

B: Financial Instruments according to SMA 9:6a

Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of shares and voting rights	% of shares and voting rights
Securities lending	open		Physical	3,081,210	1.67%
Swap	03/11/2026		Cash	814,403	0.44%
Swap	10/07/2034		Cash	811,184	0.44%
Swap	19/07/2034		Cash	392,040	0.21%
Swap	14/06/2027		Cash	320,614	0.17%
Swap	10/07/2034		Cash	279,959	0.15%
Swap	26/07/2034		Cash	221,879	0.12%
Swap	03/07/2034		Cash	213,981	0.12%
Swap	17/07/2034		Cash	213,379	0.12%
Swap	24/07/2034		Cash	206,360	0.11%
Swap	25/04/2033		Cash	205,977	0.11%
Swap	12/05/2033		Cash	187,125	0.10%
Swap	12/05/2033		Cash	157,285	0.09%
Swap	12/05/2033		Cash	152,490	0.08%
Swap	18/12/2026		Cash	139,757	0.08%
Swap	12/05/2033		Cash	108,806	0.06%
Swap	02/08/2034		Cash	72,836	0.04%
Swap	01/08/2034		Cash	70,632	0.04%
Swap	01/03/2034		Cash	62,408	0.03%
Swap	24/07/2034		Cash	60,402	0.03%
Swap	21/11/2033		Cash	54,350	0.03%
Swap	18/08/2025		Cash	52,724	0.03%
Swap	31/01/2039		Cash	51,254	0.03%
Swap	01/08/2034		Cash	51,026	0.03%
Swap	24/04/2034		Cash	48,947	0.03%
Swap	20/03/2034		Cash	48,847	0.03%
Swap	18/04/2034		Cash	47,557	0.03%
Swap	15/02/2034		Cash	41,954	0.02%
Swap	14/03/2034		Cash	41,350	0.02%
Swap	08/02/2027		Cash	40,329	0.02%
Swap	07/08/2034		Cash	39,481	0.02%
Swap	18/08/2025		Cash	38,856	0.02%
Swap	08/02/2027		Cash	38,395	0.02%
Swap	03/01/2034		Cash	34,292	0.02%
Swap	04/01/2034		Cash	30,193	0.02%
Swap	02/05/2034		Cash	27,581	0.01%
Swap	20/02/2034		Cash	26,695	0.01%
Swap	31/07/2034		Cash	24,572	0.01%
Call Option	10/09/2029		Cash	23,861	0.01%
Swap	02/05/2034		Cash	21,756	0.01%
Swap	15/03/2034		Cash	19,471	0.01%
Swap	03/01/2034		Cash	17,260	0.01%
Swap	20/02/2034		Cash	17,164	0.01%
Swap	18/07/2034		Cash	17,125	0.01%
Swap	26/06/2026		Cash	17,115	0.01%
Call Option	10/09/2029		Cash	16,317	0.01%
Call Option	10/04/2030		Cash	16,278	0.01%
Swap	08/02/2027		Cash	15,947	0.01%
Call Option	08/05/2030		Cash	15,584	0.01%
Swap	14/03/2034		Cash	15,324	0.01%
Swap	24/07/2034		Cash	15,277	0.01%
Swap	20/02/2034		Cash	14,671	0.01%
Swap	31/07/2034		Cash	13,407	0.01%
Swap	17/01/2034		Cash	13,183	0.01%
Swap	16/01/2034		Cash	12,332	0.01%
Swap	03/05/2034		Cash	12,131	0.01%
Call Option	14/01/2030		Cash	11,542	0.01%
Call Option	17/08/2029		Cash	11,181	0.01%
Swap	31/01/2039		Cash	10,277	0.01%
Swap	18/06/2027		Cash	10,269	0.01%
Swap	09/03/2026		Cash	10,013	0.01%
Swap	04/01/2034		Cash	9,744	0.01%
Call Option	17/09/2029		Cash	8,625	0.005%
Swap	01/09/2025		Cash	8,062	0.004%
Swap	05/04/2034		Cash	7,596	0.004%
Swap	16/04/2027		Cash	7,594	0.004%
Swap	24/04/2034		Cash	7,376	0.004%
Swap	10/05/2027		Cash	6,980	0.004%
Swap	20/02/2034		Cash	6,287	0.003%
Swap	07/08/2034		Cash	5,697	0.003%
Swap	17/07/2034		Cash	5,431	0.003%
Swap	16/01/2034		Cash	5,032	0.003%
Swap	29/01/2030		Cash	4,749	0.003%
Swap	30/04/2025		Cash	4,299	0.002%
Swap	18/07/2034		Cash	3,504	0.002%
Swap	17/01/2034		Cash	3,001	0.002%
Swap	26/07/2034		Cash	2,920	0.002%
Swap	25/07/2034		Cash	2,915	0.002%
Swap	03/07/2034		Cash	2,838	0.002%
Swap	08/05/2034		Cash	2,766	0.001%
Swap	19/07/2034		Cash	2,546	0.001%
Swap	24/07/2034		Cash	2,401	0.001%
Swap	24/04/2034		Cash	2,319	0.001%
Swap	31/07/2034		Cash	2,091	0.001%
Swap	02/05/2034		Cash	2,050	0.001%
Swap	18/07/2034		Cash	2,037	0.001%
Swap	02/05/2034		Cash	1,816	0.001%
Swap	02/08/2034		Cash	1,807	0.001%
Swap	19/07/2034		Cash	1,728	0.001%
Swap	18/07/2034		Cash	1,693	0.001%
Swap	18/07/2034		Cash	1,676	0.001%
Swap	17/07/2034		Cash	1,272	0.001%
Swap	07/08/2034		Cash	1,172	0.001%
Swap	22/03/2027		Cash	773	0.000%
Swap	01/08/2034		Cash	646	0.000%
Swap	26/06/2029		Cash	528	0.000%
Swap	05/07/2034		Cash	506	0.0003%
Swap	08/05/2034		Cash	385	0.0002%
Swap	18/07/2034		Cash	284	0.0002%
Swap	17/08/2026		Cash	265	0.0001%
Swap	20/05/2033		Cash	245	0.0001%
Swap	18/07/2034		Cash	140	0.0001%
Swap	03/01/2034		Cash	98	0.0001%
Swap	06/09/2024		Cash	1	0.000001%
			SUBTOTAL B	8,992,504	4.87%

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both
The Goldman Sachs Group, Inc.
Goldman Sachs (UK) L.L.C.
Goldman Sachs Group UK Limited
Goldman Sachs International

The Goldman Sachs Group, Inc.
GSAM Holdings LLC
Goldman Sachs Asset Management, L.P.

The Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC

The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Europe SE

The Goldman Sachs Group, Inc.
GSAM Holdings LLC
GSAMI Holdings I Ltd
GSAMI Holdings II Ltd
Goldman Sachs Asset Management International Holdings Ltd
Goldman Sachs Asset Management International

Additional information provided by The Goldman Sachs Group, Inc.:

Please note, the total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

Further information, please contact:

Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET

Katri Hokkanen

CFO

Pekka Rouhiainen

VP, Investor Relations

DISTRIBUTION:

Nasdaq Helsinki

Major media

www.valmet.com

Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet’s net sales in 2023 were approximately EUR 5.5 billion.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

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