Stock Exchange release December 30, 1999 10:00:00 AM CET

METSO HAS COMPLETED THE ACQUISITION OF SANTASALO'S INDUSTRIAL GEAR OPERATIONS

Metso Corporation has completed the acquisition of a major part of Santasalo Oy's industrial gear operations as agreed in November. Santasalo Oy is part of Componenta Corporation. The acquisition price was approximately EUR 40 million.

The acquired business operations will increase the annual net sales of Metso's gears business to almost EUR 120 million and it will form one of the world's largest manufacturers in this sector. At the same time, the Gears and Components Group of Metso's Machinery business area will take the name Santasalo Group.