Metsä Board (METSB) AGM 2019 summary

Financial performance review

• FY2018 financial statements approved at the AGM.

Board and executive committee updates

• Board fixed at nine members: Hannu Anttila, Martti Asunta, Ilkka Hämälä, Kirsi Komi, Kai Korhonen, Liisa Leino, Jussi Linnaranta, Juha Niemelä and Veli Sundbäck; terms run until the end of the next AGM.

• Ilkka Hämälä elected Chairman and Martti Asunta Vice Chairman; Audit Committee and Nomination and Compensation Committee memberships were set.

• Board remuneration remained unchanged: annual fees of €95,000 for the Chairman, €80,000 for the Vice Chairman and €62,500 for other members, plus €700 per attended Board or committee meeting; Audit Committee Chair receives €800 monthly.

• Approximately half of Board remuneration is paid in B-series shares acquired from public trading; transfer of these shares is restricted for two years.

Dividend announcements

• Approved a total distribution of €0.29 per share: €0.10 dividend and €0.19 from the unrestricted equity reserve; record date 1 April 2019 and payment date 9 April 2019.