METSO WILL PURCHASE SVEDALA MANAGEMENT OPTIONS
Metso Corporation has today entered into an agreement to purchase options representing 321,000 shares in Svedala Industri AB from the management group consisting of 20 officers of Svedala. The options were issued by AB Custos to the management of Svedala. The options acquired by Metso represent a part of the option plan of Custos and their exercise period ends on July 11, 2000. Metso intends to exercise these options on or before this date. The purchase price reflects the prevailing market price of the Svedala share with an additional amount based on the offer price payable on completion of the public offer for Svedala's shares.
Metso Corporation announced on June 21, 2000 that it has decided to make a public tender offer for all outstanding shares in Svedala Industri AB at a price of SEK 185 per share. An offer document will be distributed in the week 28 of July, 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. 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.