Stock Exchange release June 2, 2004 10:38:13 AM CET

METSO TO REBUILD A SPECIALTY PAPER MACHINE AT UPM TERVASAARI MILL, FINLAND

Metso Paper will deliver a large specialty paper machine rebuild to UPM Tervasaari Mill in Valkeakoski, Finland. The rebuilt paper machine, producing release paper, will start up in mid 2005. The value of the order is approximately EUR 30 million.
The target of the rebuild project is to improve the quality of the release paper and to raise the production capacity of the line. The annual production will be increased from the present 130,000 tons to 175,000 tons.
The project will comprise the rebuild of the stock preparation system as well as modernization of the press and dryer sections. In addition, the calendering capacity will be increased. Metso Automation will supply a large automation package.
The paper machine PM 8, with a wire width of 7,250 mm, was originally delivered by Metso Paper in 1996.
UPM is one of the world's leading forest product companies. The company's businesses focus on magazine papers, newsprint, fine and specialty papers, converting materials and wood products. The company's turnover in 2003 was close to EUR 10 billion, and it employed approximately 35,000 people. 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 2003, the net sales of Metso Corporation were EUR 4.3 billion. Metso has approximately 26,000 employees in 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.