Metsä Board Annual Review 2024

METSÄ BOARD Annual review 2024

Major shareholders, 31 December 2024 1) 2)

Shareholdings of the members of the Board of Directors and CEO on 31 December 2024

A series

B series

Total shares

Total votes

Shareholders

No. of shares

No. of shares 158,502,147

No. of shares 184,269,752

% No. of shares 51.83 673,854,247

%

Holding 301,849

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

68.85

Ilkka Hämälä

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

2 Varma Mutual Pension Insurance Company 3 Ilmarinen Mutual Pension Insurance Company 4 Elo Mutual Pension Insurance Company

15,041,485 8,520,989 5,471,000 5,000,000 3,400,000 2,043,492 1,988,000 1,558,936 1,500,000 1,427,330 1,420,000 1,329,211 1,142,600

17,245,029 9,764,624 5,471,000 5,000,000 3,400,000 2,043,492 1,988,000 1,558,936 1,500,000 1,427,330 1,420,000 1,329,211 1,142,600

4.85 2.75 1.54 1.41 0.96 0.57 0.56 0.44 0.42

59,112,365 33,393,689 5,471,000 5,000,000 3,400,000 2,043,492 1,988,000 1,558,936 1,500,000 1,427,330 1,420,000 1,329,211 1,142,600 937,855 937,855 854,841 800,000 11,732,712 668,692

6.04 3.41 0.56 0.51 0.35 0.21

Jussi Linnaranta

42,251

Hannu Anttila

4,761

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

22,653 19,269 13,446 22,044 9,813 14,221 377,846

5 Etola Erkki Olavi

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

Mari Kiviniemi Jukka Moisio

7 OP-Finland

8

Value creation

8 Evli Finnish Small Cap Fund

0.2

Mikko Mäkimattila Juha Vanhainen

9 Danske Invest Finnish Equity Fund

0.16 0.15 0.15 0.15 0.14 0.12

Financial development 10 Key figures 12

10 Etola Markus Eeriki

Mika Joukio

CEO

11 OP-Finland Small Firms Fund

0.4 0.4

Share holdings of the Corporate Management Team members are presented on pages 194–195.

12 Etola Mikael Kristian

Report of the Board of Directors

13 Säästöpankki Small Cap Mutual Fund 14 Säästöpankki Kotimaa Mutual Fund

0.37 0.32 0.26 0.26 0.24 0.23 0.22 0.19

20 20 37 70 89 96

• Sustainability statement

15 Arpera Oy 16 S-Stock Oy

937,855 937,855 854,841 800,000 201,852 668,692

937,855 937,855 854,841 800,000 778,395 668,692

0.1 0.1

General information

E – Environment

17 Aktia Capital Mutual Fund 18 Laakkonen Mikko Kalervo

0.09 0.08

S – Social responsibility

19 Maa- ja Metsätaloustuottajain Keskusliitto MTK ry

576,543

1.2

G – Governance

20 OP-Henkivakuutus Ltd.

0

0.07

Annexes to the Sustainability statement

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/

98 Consolidated financial statements 102 Notes to the consolidated financial statements 150 Parent company financial statements 153 Notes to the parent company financial statements 166 The Board’s proposal to the Annual General Meeting for the distribution of funds 167 Auditor’s Report 171 Sustainability statement assurance report 173 Shares and shareholders 177 Ten years in figures 178 Taxes 179 Production capacities 181 Calculation of key ratios and comparable performance measures Corporate governance 183 Corporate governance statement 190 • Board of Directors of Metsä Board 194 • Corporate Management Team of Metsä Board

Shares

A share

B share

Number of Shareholders

Number of shares

Number of Shareholders

Number of shares

Number of shares

%

%

%

%

1–10

2,337 4,437 3,569

21.53 40.88 32.89

12,049 219,967

0.04 0.67 3.87 3.55 1.06

4,856 17,891 29,194 10,747

7.62

29,328 932,922 11,611,172

0.01 0.29

11–100

28.08 45.82 16.87

101–1,000

1,268,097 1,163,056

3.6

1,001–10,000

487

4.49 0.18 0.04

29,862,625

9.25 6.36

10,001–100,000

19

347,679

931

1.46 20,520,799 0.15 259,753,725 100.00 322,710,571

100,001–

4

29,791,327

90.82

95

80.49

Total

10,853

100.00 32,802,175

100.00

63,714

100.00

Split of shareholding and voting rights by group on 31 December 2024

SPLIT OF SHARES AND VOTING RIGHTS %

SPLIT OF VOTING RIGHTS %

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

Metsäliitto Cooperative����� 69 Finnish private investors�����12 Finnish institutions��������������16 Foreign owners*��������������������3

* includes nominee registered

196 Remuneration report 201 Investor relations and investor information

174

175

Shares and shareholders | METSÄ BOARD ANNUAL REVIEW 2024

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