Stock Exchange release June 26, 2000 12:00:00 PM CET

METSO CORPORATION TO SUPPLY FUEL NOZZLES FOR DIESEL ENGINES OF MAN B&W

Santasalo Powdermet, a part of Metso Corporation’s machinery business area, and MAN B&W Diesel A/S from Denmark have entered a long-term agreement on the global delivery of fuel nozzles for large diesel engines. The good fatigue, wear and corrosion properties of the nozzles, manufactured by Santasalo by powder metallurgical methods, make it possible to improve the economy of engine operation. Production deliveries of the nozzles will be started immediately.

MAN B&W is one of the world’s leading developers and suppliers of diesel engine technology.

Santasalo Powdermet, which belongs to the Santasalo group in Metso’s Machinery business area, is a material technology company which has specialized in the use of powder metallurgy in machine parts manufacturing. It employs 15 persons in Finland, Sweden and Great Britain. In 1999, the company’s net sales were EUR 6 million.

Metso Corporation’s Gears and Components group (Santasalo) develops, manufactures and supplies industrial gears and hydraulic motors and provides related maintenance services. It also provides designing, manufacturing and expert services related to machine construction. The group’s net sales for 1999 totaled EUR 103 million, and the number of its personnel approximately 1,250.

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. 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.