Stock Exchange release November 28, 2000 10:53:29 AM CET

FRANKLIN RESOURCES GROUP'S HOLDINGS IN METSO

Metso Corporation has been informed about the holding of the funds managed by Franklin Resources Group of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources Group owned Metso's shares and ADR's November 22, 2000 as follows

 

Templeton Global Advisers Ltd. 9,016,261 shares
Templeton Investment Counsel Inc. 584 183 shares
Templeton Investment Management Ltd 93,941 shares
Templeton Management Ltd. 364,982 shares

total´ 10,059,367 shares


This holding amounts to 7.42 per cent of the paid up share capital and the total votes of Metso Corporation. In addition, Franklin Resources Inc. has voting authority representing 2.55 per cent of total shares as follows:

Templeton Franklin Invt. Services Inc 368,755 shares
Templeton Global Advisers Ltd 634,820 shares
Templeton Investment Counsel Inc 2,050,314 shares
Templeton Management Ltd 400,480 shares

total 3,454,369 shares


Total amount of voting rights managed by the funds of Franklin Resources Group represented 9.97 per cent of Metso's paid up share capital on November 22, 2000 after being, on the basis of their previous announcement, 10.08 per cent on September 19, 2000.

Metso Corporation is a global supplier of process industry machinery and systems. In addition to fiber and paper technology, Metso's business areas are automation and control technology, and machinery. In 1999, the net sales of Metso Corporation were EUR 3.4 billion, and the personnel totaled approximately 23,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.