Stock Exchange release April 17, 2003 09:11:24 AM CET

OLLI VAARTIMO TO START AS METSO'S EXECUTIVE VICE PRESIDENT AND CFO

Olli Vaartimo will start as Metso Corporation's Executive Vice President and CFO on April 22, 2003 after Sakari Tamminen who will join Rautaruukki. Olli Vaartimo continues as Metso Minerals' President until April 28, 2003 whereafter Bertel Langenskiold starts as President of Metso Minerals and member of Metso's Executive Board. Langenskiold continues as President and CEO of Fiskars Corporation until May 15, 2003.
 
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.