Stock Exchange release August 24, 2000 01:05:00 PM CET

TOR BERGMAN ELECTED A BOARD MEMBER OF METSO'S BUSINESSES


Tor Bergman, Metso Corporation's President and CEO from January 1, 2001, has been elected a board member of Metso's businesses – fiber and paper technology (Valmet Corporation), automation and control technology (Neles Automation Inc) and machinery - from September 1, 2000. In the machinery business area, he was also elected a board member of the rock and mineral processing (Nordberg Group Oy) and the manufacture of specialty cars (Valmet Automotive Inc) from the same date. Heikki Hakala, Metso Corporation's present President and CEO, continues as chairman of the boards mentioned above.

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.