Metsä Board Annual review 2023

METSÄ BOARD Annual review 2023

Major shareholders, 31 December 2023 1) 2)

Shareholdings of the members of the Board of Directors and CEO on 31 December 2023

A series

B series

Total shares

Votes

Shareholders

No. of shares

No. of shares 158,502,147

No. of shares 184,269,752

%

%

Holding

Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6

1 Metsäliitto Cooperative

25,767,605 2,203,544 1,243,635

51.83 4.85 2.75 1.55 1.49 0.96

68.85

Ilkka Hämälä

Chair of the Board of Directors Vice Chair of the Board of Directors Member of the Board of Directors

294,814 B shares 36,211 B shares 152,627 B shares 13,131 B shares 14,508 B shares 8,685 B shares 17,283 B shares 5,052 B shares 9,460 B shares 315,173 B shares

2 Varma Mutual Pension Insurance Company 3 Ilmarinen Mutual Pension Insurance Company

15,041,485 8,520,989 5,500,000 5,291,000 3,400,000 2,471,196 2,012,887 1,454,211 1,370,300 1,250,000 1,120,000 1,078,362 1,026,860

17,245,029 9,764,624 5,500,000 5,291,000 3,400,000 2,471,196 2,012,887 1,454,211 1,370,300 1,250,000 1,120,000 1,078,362 1,026,860

6.04 3.41 0.56 0.54 0.35 0.25 0.21 0.15 0.14 0.13 0.11 0.11

Jussi Linnaranta

Hannu Anttila

4 Etola Erkki Olavi

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Raija-Leena Hankonen-Nybom Member of the Board of Directors

5 Elo Mutual Pension Insurance Company

Erja Hyrsky

Member of the Board of Directors Member of the Board of Directors Member of the Board of Directors Member of the Board of Directors Member of the Board of Directors

Strategy and financial targets

6 The State Pension Fund 7 Evli Finnish Small Cap Fund

Mari Kiviniemi Jukka Moisio

0.7

8

Value creation

8 OP-Finland

0.57 0.41 0.39 0.35 0.32

Mikko Mäkimattila Juha Vanhainen

9 Säästöpankki Small Cap Mutual Fund

Financial development 10 Key figures 12

10 OP-Henkivakuutus Ltd. 11 Etola Markus Eeriki 12 Etola Mikael Kristian

Mika Joukio

CEO

Share holdings of the Corporate Management Team members are presented on pages 168–169.

Report of the Board of Directors

13 Danske Invest Finnish Equity Fund 14 OP-Finland Small Firms Fund 15 Säästöpankki Kotimaa Mutual Fund

0.3

0.29 0.27 0.24 0.23 0.23 0.22 0.21

0.1 0.1

20 72

• Sustainability statement • Sustainability statement assurance report

957,600 854,841 822,855 822,855 201,852 750,000

957,600 854,841 822,855 822,855 778,395 750,000

16 Aktia Capital Mutual Fund

0.09 0.08 0.08

17 Arpera Oy 18 S-Stock Oy

74

Consolidated financial statements

19 Maa- ja Metsätaloustuottajain Keskusliitto MTK ry

576,543

1.2

20 Laakkonen Mikko Kalervo

0

0.08

78 Notes to the consolidated financial statements 126 Parent company financial statements 129 Notes to the parent company financial statements 142 The Board’s proposal to the Annual General Meeting for the distribution of funds 143 Auditor’s Report 147 Shares and shareholders 151 Ten years in figures 152 Taxes 153 Production capacities 155 Calculation of key ratios and comparable performance measures Corporate governance 157 Corporate governance statement 165 • Board of Directors of Metsä Board 168 • Corporate Management Team of Metsä Board

1) Shareholders in the book entry system 2) Ownership information is as recorded in the book-entry account, i.e. taking into account the settlement date (T+2) Supplied by Euroland https://www.metsagroup.com/metsaboard/investors/share-information/major-shareholders/

Shares

A share

B share

Number of Shareholders

Number of shares

Number of Shareholders

Number of shares

Number of shares

%

%

%

%

1–10

2,290 4,277 3,463

21.7

11,987

0.04 0.65 3.78 3.52

4,736 17,715

7.58

28,866 927,054

0.01 0.29 3.52 8.88 6.33

11–100

40.53 32.82

212,336

28.34 45.83

101–1,000

1,239,299 1,153,058

28,644 10,390

11,368,565

1,001–10,000

497

4.71

16.62 28,653,858

10,001–100,000

21

0.2

394,168

1.2

919

1.47

20,426,142

100,001–

4

0.04

29,791,327

90.82

97

0.16 261,306,086 100.00 322,710,571

80.97

Total

10,552

100.00 32,802,175

100.00

62,501

100.00

Split of shareholdings and voting rights, 31 December 2023

SPLIT OF SHAREHOLDINGS %

SPLIT OF VOTING RIGHTS %

Metsäliitto Cooperative �����52 Finnish institutions��������������19 Finnish private investors ���20 Foreign owners*��������������������9

Metsäliitto Cooperative����� 69 Finnish institutions��������������15 Finnish private investors�����12 Foreign owners*��������������������4

170 Remuneration report 174 Investor relations and investor information

* includes nominee registered

* includes nominee registered

148

149

Shares and shareholders | METSÄ BOARD ANNUAL REVIEW 2023

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