Stock Exchange release December 11, 2000 02:40:42 PM CET

METSO SIGNS EURO 1 BILLION EMTN PROGRAMME

Metso Corporation has signed a new Euro 1 billion Euro Medium Term Note Programme. The programme further diversifies Metso´s funding opportunities on the international capital markets. The programme is rated BBB+ by Standard & Poor´s and Baa2 by Moody´s Investors Service.

The EMTN Programme has been arranged by Schroder Salomon Smith Barney and the dealer group further includes Barclays Capital, Deutsche Bank, HSBC, MeritaNordbanken, Merrill Lynch, SEB and UBS.

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.