Stock Exchange release April 8, 2002 02:32:01 PM CET

METSO TO SUPPLY MINING EQUIPMENT TO CODELCO IN CHILE

Metso Minerals, the rock and minerals processing business area of Metso Corporation, will supply several equipment upgrades to Codelco's El Teniente copper mine. The value of the orders is over EUR 25 million.

The delivery includes several grinding mills and slurry pumps, a few apron feeders and tens of flotation cells. These orders are part of the mine's recent investments aimed at upgrading its operations. They follow on from several other mining equipment deliveries Metso Minerals made earlier to El Teniente.

The state-owned Codelco is the largest mining company in Chile and the world's largest copper producer. El Teniente is one of Codelco's five divisions and the world's largest underground mine. It is located 140 kilometers to the southeast of Santiago de Chile. The El Teniente mine started its operations in 1904. In addition to copper, the mine also produces molybdenum.

Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket 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.