Stock Exchange release February 16, 2004 08:38:57 AM CET

Short-term rating on Metso placed on Credit Watch by Standard & Poor's

Standard & Poor's Rating Services has placed the A-3 short-term ratings of Metso Corporation on Credit Watch with negative implications.
 
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 2003, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 27,400. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
 
For further information please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer, Metso Corporation,
tel. +358 204 84 3195