Metso to reacquire ThyssenKrupp's minority holding in Valmet Automotive

12/15/2004, 1:41 PM (Source: GlobeNewswire)

As announced in June 2004, ThyssenKrupp Automotive has decided to
give up its shareholding in Valmet Automotive. Metso Corporation has
reacquired, in accordance with the original agreement, ThyssenKrupp's
10 percent minority shareholding in Valmet Automotive. The
transaction price will not be disclosed. The transaction will not
have any effect on Metso's fourth quarter results as Metso has
already reversed during the second quarter 2004 EUR 5 million of the
originally booked approximately EUR 10 million gain from the 2001
sale of the 10 percent stake.

Valmet Automotive manufactures Porsche Boxster sports cars for the
German Porsche AG on the basis of a long term cooperation agreement
made in 2001. Valmet Automotive will continue as a supplier of car
industry contract manufacturing in cooperation with European partners
in the field.
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.
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.
Vesa Kainu, President, Metso Ventures, Metso Corporation, tel. +358
204 84 3258
Eeva Mäkelä, Vice President, Investor Relations, Metso Corporation,
tel. +358 204 84 3253
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