CORPORATE ACTION NOTICE

NOTICE NO. CA/2019/545/Lo - Demerger

ISSUE DATE: 13 November 2019

EFFECTIVE DATE: TBA

CONTRACTS: Single Stock Futures MOY, MOZ

Flexible Individual Equity Options MOU, MOQ, MOJ, MOX

COMPANY: Metso

EXCHANGE: ICE Futures Europe

CORPORATE ACTION: Demerger

REFERENCE: Company Announcement

ISIN: Metso: FI0009007835 Oyj: FI0009014575

DETAILS: Metso and Outotec Oyj (“Outotec”) have announced that their respective boards have approved the demerger plan in a transaction that will see Metso’s Minerals business combine with Outotec. The combined company will be named Metso Outotec. Metso shareholders will receive a demerger consideration of 4.3 new shares in Metso Outotec for each share owned in Metso. Following the combination, Metso will be renamed Oyj.

ADJUSTMENTS: After the close of business on the business day prior to the effective date the following contract adjustments will be made:

■ Package Method.

■ The contracts will become contracts based on a package of 4.3 MetsoOutotec shares and 1 Neles Oyj share (“a unit”) and shall be referred to ICE Futures Europe as Metso ex-event package contracts.

■ Ex-event contracts will have a pseudo ISIN which will be confirmed in a future Corporate Action Notice.

■ Physical Delivery contracts of 1 lot = (430 Metso Outotec shares) + (100 Neles shares).

■ EDSP Calculation: The EDSP will be generated by using the official closing prices of Metso Outotec on Stock Exchange and Neles Oyj on Helsinki Stock Exchange on the last trading day as follows:

퐸퐷푆푃 = (4.3 × 푀푒푡푠표 푂푢푡표푡푒푐 푆ℎ푎푟푒 푃푟푖푐푒 ) + (1 × 푁푒푙푒푠 푂푦푗 푆ℎ푎푟푒 푃푟푖푐푒) NOTICE NO. CA/2019/545/Lo Page 2 of 2

■ Lot Size: The lot size shall remain unchanged as 100 units per lot.

■ No further maturities or series shall be made available for trading as from the effective date.

■ Contracts with no open interest after the close of business on the business day prior to the effective date will be delisted.

Options:

■ Exercise Prices: The exercise prices shall remain unchanged.

This Notice is issued pursuant to the Corporate Actions Policy for ICE Futures Europe. It requires the immediate attention of Members’ staff involved with the trading and settlement of equity products on these markets. Members should ensure that clients are made aware of the arrangements detailed in this Notice.

The content and adjustment methods outlined in this Notice are based on information available to ICE Futures Europe at the time of publication and may be subject to change. ICE Futures Europe accepts no responsibility for the accuracy of the information outlined in this Notice and Market Participants should make their own independent assessment. ICE Futures Europe will not be liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided in this Notice.

FOR MORE INFORMATION: ICE Futures Europe: ICE Corporate Actions +44 (0) 20 7382 8205 [email protected]

ICE Clear Europe: Clearing Operations +44 (0)20 7065 7600 [email protected]

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Registered name: ICE Futures Europe, (Registered in England, No. 01528617) Registered office: Milton Gate, 60 Chiswell Street, London EC1Y 4SA, United Kingdom ICE Futures Europe is recognised as an investment exchange and an auction platform, and is a benchmark administrator under the Financial Services and Markets Act 2000, supervised by the Financial Conduct Authority.