Stock Exchange release June 12, 2002 10:02:14 AM CET

FRANKLIN RESOURCES INC.'S HOLDINGS IN METSO

Metso Corporation has been informed about the holding of the funds managed by Franklin Resources, Inc. of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources, Inc. owned Metso's shares and ADR's on June 10, 2002 as follows
 
 
Templeton Global Advisers, Ltd. 5,589,931 shares
Templeton Investment Counsel, LLC 935,967 shares
Franklin Advisers, Inc. 162,660 shares
Franklin Templeton Investments Corp. 258,568 shares
Franklin Templeton Investments Aus Ltd. 93,211 shares
 
Total 7,040,337 shares
 
This holding amounts to 5.17 percent of the paid up share capital and the total votes of Metso Corporation.
 
In addition, Franklin Resources, Inc. has voting authority representing 1.14 percent of total shares as follows:
 
Franklin Templeton Invt. Services, Inc. 157,905 shares/ADRs
Templeton Global Advisers Ltd. 27,600 shares/ADRs
Templeton Investment Counsel, LLC 1,197,463 shares/ADRs
Franklin Templeton Investments Corp. 124,961 shares/ADRs
Franklin Templeton Investments Aus Ltd. 41,178 shares/ADRs
 
Total 1,549,107 shares/ADRs
 
Franklin Resources, Inc.'s total holding of Metso's share capital amounted to 5.17 percent on June 10, 2002, after being, on the basis of their previous announcement, 4.96 percent on December 10, 2001. Total amount of voting rights managed by the funds of Franklin Resources, Inc. represented 6.30 percent of Metso's paid up share capital on June 10, 2002 after being, on the basis of their previous announcement, 6.46 percent on December 10, 2001.
 
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.