Stock Exchange release March 22, 2001 01:00:56 PM CET

PROPOSAL ON THE COMPOSITION OF THE BOARD OF DIRECTORS OF


Metso Corporation's biggest shareholders propose to the Annual General Meeting to be held on March 28, 2001, that Metso's Board of Directors remains at its present composition.

The Chairman of the Board of Metso Corporation is Pertti Voutilainen and the Vice Chairman Mikko Kivimäki, President and CEO of Rautaruukki Group. Board members are Heikki Hakala, Metso's previous President and CEO, Chairman of the Board of Pohjola Group Insurance Corporation and Ilmarinen Mutual Pension Insurance Company; Juhani Kuusi, Head of Nokia Research Center; Jaakko Rauramo, President and CEO of SanomaWSOY Oyj; Markku Tapio, Director General, State Shareholding Unit, Ministry of Trade and Industry in Finland and Pentti Mäkinen, Chief Shop Steward, proposed by the personnel of Metso Corporation.

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.