Stock Exchange release December 17, 2001 12:01:22 PM CET

METSO TO REBUILD MONDI'S PAPER MACHINE IN SOUTH AFRICA

Metso Paper has received an order to rebuild a paper machine with an approx. EUR 10 million delivery to Mondi Limited's Merebank mill in Durban, South Africa. The rebuilt machine will start up in March 2003.

The delivery will consist of a short circulation rebuild, a headbox, components for the wire, press and dryer sections, pulper and an Optisizer with OptiDosers. Metso Automation's control systems are included in the package as well.

The rebuilding will enable Mondi to produce lower basis weight papers, together with quality and efficiency improvements. Metso has recently installed a size press on the mill's PM3.

Mondi Paper is the leader in publication, converting carbonless and office papers in South Africa. The mill's current capacity is 230,000 tons of newsprint and telephone directory papers, 100,000 tons of SC magazine papers, and 210,000 tons of uncoated wood free papers.

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.