Stock Exchange release December 13, 2001 09:17:44 AM CET

FRANKLIN RESOURCES GROUP'S HOLDINGS IN METSO

Metso Corporation has been informed about the holding of the funds managed by Franklin Resources Group of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources Group owned Metso's shares and ADR's December 10, 2001 as follows

Templeton Global Advisers, Ltd. 6,002,361 shares
Templeton Investment Counsel, LLC 252,330 shares
Franklin Advisers, Inc. 162,660 shares
Franklin Templeton Investments Corp. 258,568 shares
Franklin Templeton Investments Aus Ltd. 87,713 shares

Total 6,763,632 shares

This holding amounts to 4.96 per cent of the paid up share capital and the total votes of Metso Corporation.

In addition, Franklin Resources Inc. has voting authority representing 1.50 per cent of total shares as follows:

Templeton Franklin Invt. Services, Inc. 172,488 shares/ADRs
Templeton Global Advisers Ltd. 8,000 shares/ADRs
Templeton Investment Counsel, LLC 1,700,298 shares/ARDs
Franklin Templeton Investments Corp. 123,752 shares/ADRs
Franklin Templeton Investments Aus Ltd. 41,178 shares/ADRs

Total 2,045,716 shares/ADRs

Franklin Resources Group's total holding of Metso's share capital amounted to 4.96 per cent on December 10, 2001, after being, on the basis of their previous announcement, 7.42 per cent on November 28, 2000. Total amount of voting rights managed by the funds of Franklin Resources Group represented 6.46 per cent of Metso's paid up share capital on December 10, 2001 after being, on the basis of their previous announcement, 9.97 per cent on November 28, 2000.

Metso Corporation is a global supplier of process industry machinery and systems. Metso's core businesses are divided between Metso Paper (fiber and paper technology), Metso Minerals (rock and mineral processing) and Metso Automation (automation and control technology). In 2000, the net sales of Metso Corporation were EUR 3.9 billion, and the personnel totaled approximately 22,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.

Metso completed its offer for Svedala Industri AB on September 14, 2001. Svedala is a global supplier of products and services for rock and mineral processes. Metso's and Svedala's combined net sales are approximately EUR 5,400 million (in 2000) and the amount of personnel is approximately 32,000.