Metso Corporation has been informed about an increase in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On August 23, 2005, J.P. Morgan Chase & Co 's holdings amounted to 5.04 percent of the paid up share capital of Metso Corporation. The threshold of five percent was crossed on August 23, 2005 when J.P. Morgan Asset Management (UK) Limited acting as a discretionary investment manager for underlying funds purchased 111,706 Metso shares.
Holdings by mutual funds of J.P. Morgan Chase & Co. were as follows on August 23, 2005:
J.P. Morgan Investment Management Inc. 3,136,391 shares
J.P. Morgan Investment Management Limited 571,092 shares
J.P. Morgan Trust Bank 666,000 shares
JP Morgan Fleming Asset Management (Japan) Limited 19,165 shares
JPMorgan Asset Management (UK) Limited 1,669,947 shares
JPMorgan Chase Bank 680,209 shares
J.P. Securities Limited 387,910 shares
Total 7,133,314 shares
This holding corresponds to 5.04 percent of the paid up share capital of Metso Corporation.
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.