Stock Exchange release December 10, 2002 12:06:51 PM CET

METSO WILL SUPPLY CRUSHING AND GRINDING EQUIPMENT WORTH EUR 30 MILLION IN AUSTRALIA

Metso Minerals will supply crushing and grinding equipment for a major mine expansion project in Australia. Newcrest Mining Limited has ordered primary gyratory crushers, grinding mills, related auxiliary equipment and technical services for the redevelopment of its Telfer gold mine. The value of the order is approximately EUR 30 million. The equipment will be delivered in the fourth quarter of 2003.
The order includes three primary gyratory crushers for processing run of mine ore. Metso will also supply two semi-autogenous (SAG mills) and two ball mills.
Newcrest Mining Limited is an Australian public company, with net sales of EUR 265 million (480 million Australian dollars) for the 12 months to June 2002. The company generates the majority of its income from the gold ore mining in Australia. Metso has previously delivered processing equipment to Newcrest's Cadia and Ridgeway mines in New South Wales. The Cadia installation includes the world's largest operating SAG mill that was delivered by Metso in 1996. The Telfer mine is located 500 km east of Port Hedland in Western Austalia.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket and services. The corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.