Stock Exchange release January 28, 2004 12:04:31 PM CET

METSO TO REBUILD A PAPER MACHINE AT UPM-KYMMENE'S JÄMSÄNKOSKI MILL IN FINLAND

Metso Paper will deliver a large rebuild of the paper machine at UPM-Kymmene's Jämsänkoski mill, in Finland. The rebuilt paper machine, manufacturing magazine printing paper, will start up in the first quarter of 2005. The value of the order is close to EUR 20 million.
The paper machine was originally manufactured by Metso Paper in 1992. In the rebuild, the wire, press and dryer sections of the machine will be modernized to comply with today's paper making technology and efficiency requirements. Additionally, the automation level of the line's two winders will be increased. The rebuilt paper machine has a wire width of 10.1 m.
UPM is the world's leading producer of printing papers. The Group's turnover in 2002 was over EUR 10 billion and it has approximately 35,000 employees. UPM's main products include publication papers as well as converting materials and wood products. The company has production plants in 16 countries and its main market areas are the EU countries and North America. UPM's shares are quoted on the Helsinki and New York Stock Exchanges.
 
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.