THYSSENKRUPP AUTOMOTIVE WILL DIVEST THE SHARES OF METSO'S VALMET AUTOMOTIVE

6/7/2004, 9:16 AM (Source: GlobeNewswire)

ThyssenKrupp Automotive AG has informed Metso Corporation that it
will not acquire the shares of Valmet Automotive, but will also give
up its 10 percent minority shareholding in the car manufacturer. The
parties have agreed that Metso, in accordance with the original
agreement, will reacquire ThyssenKrupp's shares in Valmet Automotive
in a point of time to be decided later. According to the
reacquisition conditions of the minority ownership, Metso will
reverse EUR 5 million of the originally booked approximately EUR 10
million gain from the 2001 sale of the 10 percent stake during the
second quarter 2004.

Valmet Automotive will continue as an independent supplier of car
industry contract manufacturing in cooperation with European partners
in the field. It will cooperate also in the future with ThyssenKrupp
Automotive, which is an important systems supplier for car industry.

Valmet Automotive, a part of Metso Corporation, is specialized in the
contract manufacturing and development of demanding specialty cars.
Valmet Automotive will continue its work to search for manufacturing
agreements for new car models. According to its strategy, Metso will
continue to try to find cooperation or partnership arrangements for
Valmet Automotive.

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.

It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding
expectations for general economic development and the market
situation, expectations for customer industry profitability and
investment willingness, expectations for company growth, development
and profitability and the realization of synergy benefits and cost
savings, and statements preceded by "expects", "estimates",
"forecasts" or similar expressions, are forward-looking statements.
These statements are based on current decisions and plans and
currently known factors. They involve risks and uncertainties which
may cause the actual results to materially differ from the results
currently expected by the company.
Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange
rates and interest levels which influence the operating environment
and profitability of customers and thereby the orders received by the
company and their margins, (2) the competitive situation, especially
significant technological solutions developed by competitors
(3) the company's own operating conditions, such as the success of
production, product development and project management and their
continuous development and improvement, (4) the success of pending
and future acquisitions and restructuring.
For further information please contact:

Olli Vaartimo, Executive Vice President, Metso Corporation, tel. +358
204 84 3010

Eeva Mäkelä, Manager, Investor Relations, Metso Corporation, tel.
+358 204 84 3253
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