Stock Exchange release June 28, 2005 02:33:42 PM CET

Metso Paper's Bertel Karlstedt resigns from Metso

Metso Paper's Executive Vice President Bertel Karlstedt will resign from Metso on August 31, 2005 to transfer to another company. The resignation does not lead to changes in Metso Paper's management structure.
 
"Bertel Karlstedt has had a long and distinguished career with Metso Paper. I would like to thank Bertel for the work he has done for Metso Paper and I wish him the best of success in his new position," comments Metso Corporation President and CEO Jorma Eloranta.
 
Bertel Karlstedt (M.Sc., Eng.) has been with Metso since 1988. From March 2003 to February 2005 he was President of Metso Paper. Among the positions he held prior to that was head of Metso Paper's Paper Making Lines.
 
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.