Stock Exchange release January 28, 2005 09:36:14 AM CET

FRANKLIN RESOURCES INC.'S HOLDINGS IN METSO

 
 
Metso Corporation has been informed about a decrease in the holding of the funds managed by Franklin Resources, Inc. of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources, Inc. owned Metso's shares on January 26, 2005 as follows:
Templeton Global Advisers, Ltd.
   603,416 shares
Templeton Investment Counsel, LLC           
   497,226 shares
Franklin Templeton Investment Mgmt. Ltd.
1,767,985 shares
Franklin Templeton Investments (Asia) Ltd
   966,920 shares
Total
3,835,547 shares
 
This holding amounts to 2.82 percent of the paid up share capital and the total votes of Metso Corporation after being, on the basis of their previous announcement, 4.96 percent on November 10, 2004.
 
In addition, Franklin Resources, Inc. has voting authority representing 2.13 percent of total shares and ADRs as follows:
Templeton Global Advisers Ltd.
       2,984 shares
Templeton Investment Counsel, LLC           
2,512,698 shares
Franklin Templeton Investment Mgmt. Ltd.
   131,940 shares
Franklin Templeton Investments Corp.
     39,780 shares
Franklin Templeton Investments (Asia) Ltd.
       5,535 shares
Templeton Investment Counsel, LLC           
   209,160 ADRs
Total
2,902,097 shares/ADRs
 
The total amount of voting rights managed by the funds of Franklin Resources, Inc. represented 4.95 percent of Metso's paid up share capital after being, on the basis of their previous announcement, 7.01 percent on November 10, 2004.
 
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 23,000 employees in over 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.