Stock Exchange release March 25, 2003 09:18:38 AM CET

HARRIS ASSOCIATES L.P.'S HOLDINGS IN METSO

Metso Corporation has been informed about the changes in holding of the funds managed by Harris Associates L.P. of the paid up share capital of Metso Corporation. The funds managed by Harris Associates L.P. owned Metso's shares on March 18, 2003 as follows
 
Oakmark International Fund 3,863,000 shares
Harris Int'l LP 730,400 shares
Masters Select International 552,100 shares
BMG Foundation 426,000 shares
IL Teachers Retirement System 335,000 shares
MetLife Concentrated Int'l 212,200 shares
Schwab Int'l MarketMasters Fund 171,100 shares
MMIF Overseas 137,000 shares
SunAmerica Focus 115,600 shares
Met Investors - Harris Oakmark Intl Fund 73,100 shares
CDC Nvest Star International 65,000 shares
Levi Strauss & Co. US Pension 61,900 shares
Boise Cascade 58,300 shares
Ohio PERS 58,000 shares
Hillview International Fund 25,900 shares
AGF Harmony Fund 20,000 shares
 
Total 6,904,600 shares
 
This holding amounts to 5.07 percent of the paid up share capital and the total votes of Metso Corporation after being, on the basis of the previous announcement, 2.88 percent on September 2, 1999.
 
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 2002, the net sales of Metso Corporation were EUR 4.7 billion and the personnel totaled approximately 28,500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.