Stock Exchange release May 3, 2005 01:02:06 PM CET

Metso Corporation shares subscribed with options

The number of shares subscribed through Metso Corporation's year 2000 and year 2001 stock option programs is respectively 4,538,369 and 865,700. The subscription period of shares for both programs expired on April 30, 2005. The subscription price per share was EUR 13.25. As a result of the share subscriptions, Metso obtained EUR 71,603,914.25 in new equity.
 
The share capital increase resulting from the subscriptions, totaling EUR 9,186,917.30, is expected to be entered in the Trade Register on May 9, 2005. After the increase, Metso Corporation's share capital will be EUR 240,812,843.80 and the total number of shares 141,654,614, of which the Corporation holds 60 841 shares.
 
It is expected that the new shares will be available for trading in the Helsinki Stock Exchange together with the old shares on May 10, 2005.
 
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.