Stock Exchange release April 3, 2000 10:09:00 AM CET

METSO TO SUPPLY A BOARD MACHINE REBUILD TO GERMANY

Metso Corporation's fiber and paper technology business area Valmet will supply an extensive rebuild of a testliner board machine to LEIPA Georg Leinfelder GmbH in Schwedt, Germany. The value of the order is close to EUR 30 million. The start-up will take place at the beginning of 2001.

This rebuild order mainly comprises a fourdrinier, headboxes, rebuilds of the press and dryer sections, a press and a coating station. Various auxiliary systems will also be modified. Metso's automation and control business area, Neles Automation, will supply a new control system for the whole board machine.

After the rebuild, the PM3 in Schwedt will be able to produce testliner at a speed of 1000 m/min, which makes it among the fastest on the market. The capacity of the production line will increase to 200,000 tons/year. The total rebuild investment by LEIPA Schwedt is EUR 59 million.

Metso Corporation's fiber and paper technology business area Valmet is the world's leading supplier of technology, systems and equipment for the pulp, paper, converting and panelboard industries. In 1999, Valmet's net sales was EUR 1.7 billion and it had 10,600 employees. Metso's automation and control technology business area, Neles Automation develops and supplies process automation and flow control solutions for the pulp and paper, refining, petrochemical, chemical and energy industries. In 1999, the business area had net sales of EUR 599 million and 4,350 employees.

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