The four largest shareholders of Metso Outotec have nominated representatives to the Shareholders' Nomination Board, which includes the Chair of the Board of Directors as the fifth member. Metso Outotec's four largest registered shareholders on August 15, 2022, were Solidium (14.9% of shares and votes), Cevian Capital Partners (7.8% of shares and votes), Ilmarinen Mutual Pension Insurance Company (3.0% of shares and votes) and Varma Mutual Pension Insurance Company (2.7% of shares and votes). As a result, Metso Outotec's Shareholders' Nomination Board consists of: Annareetta Lumme-Timonen, Investment Director, Solidium; Niko Pakalén, Partner, Cevian Capital Partners Ltd; Mikko Mursula, Deputy CEO, Investments, Ilmarinen; Risto Murto, President & CEO, Varma; Kari Stadigh, Chair of Metso Outotec's Board of Directors.

The Shareholders' Nomination Board should provide its proposals relating to the composition of the Board and Board remuneration to the Metso Outotec Board of Directors on January 31, 2023, at the latest.