Metso has received all required approvals or permissions

TAMFELT CORP. STOCK EXCHANGE RELEASE December 17, 2009 at 11.30 a.m.


METSO HAS RECEIVED ALL REQUIRED APPROVALS OR PERMISSIONS FROM THE COMPETITION
AUTHORITIES FOR THE SHARE EXCHANGE OFFER FOR ALL ISSUED AND OUTSTANDING SHARES
AND STOCK OPTIONS OF TAMFELT CORP. 


Tamfelt and Metso agreed on November 5, 2009 to combine their operations under
the combination agreement entered into. As a result, Metso made a public tender
offer to purchase all of the issued and outstanding shares in Tamfelt. On
December 4, 2009, Metso announced that shareholders, whose aggregated ownership
in Tamfelt Corp. is more than 66,7 per cent had either accepted or undertaken
to accept Metso's exchange offer. This level of acceptances would fulfill the
minimum acceptance condition included in the terms and conditions of the share
exchange offer. 

According to the terms and conditions of the share exchange offer, the share
exchange offer remains subject to, inter alia, the receipt of all necessary
approvals or permissions from the relevant competition authorities and that
possible conditions set forth in such approvals or permissions can be accepted
by Metso. 

As of the date hereof, Metso has received all necessary approvals or
permissions from the relevant competition authorities required for the
completion of the share exchange offer on conditions set forth in such
approvals or permissions, which are acceptable to Metso. 

With the receipt of all necessary approvals or permissions from the relevant
competition authorities, all conditions to the share exchange offer have now
been satisfied except for the registration of the amendment to the articles of
association of Tamfelt with the Trade Register which is expected to take place
on December 22, 2009. 

The offer period for the share exchange offer began on November 23, 2009 at
9:00 a.m. (Finnish time) and was announced to expire preliminarily on December
18, 2009 at 4:00 p.m. 


This release may not be released or otherwise distributed, in whole or in part,
in or into Australia, Canada, Japan, New Zealand, South Africa or the United
States. This release is not a tender offer document and as such does not
constitute an offer or invitation to make a sales offer. Investors shall accept
the Share Exchange Offer for the shares and the offer for the Stock Options
only on the basis of the information provided in a share exchange offer
document. Offers will not be made directly or indirectly in any jurisdiction
where either an offer or participation therein is prohibited by applicable law
or where any share exchange offer document or registration or other
requirements would apply in addition to those undertaken in Finland. 

The share exchange offer document and related acceptance forms will not and may
not be distributed, forwarded or transmitted into or from any jurisdiction
where prohibited by applicable law. In particular, the Share Exchange Offer or
the offer for the Stock Options is not being made, directly or indirectly, in
or into, or by use of the postal service of, or by any means or instrumentality
(including, without limitation, facsimile transmission, telex, telephone or the
Internet) of interstate or foreign commerce of, or any facilities of a national
securities exchange of, Australia, Canada, Japan, New Zealand, South Africa or
the United States. The Share Exchange Offer or offer for the Stock Options
cannot be accepted by any such use, means or instrumentality or from within
Australia, Canada, Japan, New Zealand, South Africa or the United States. 


Tamfelt Corp.

Reima Kerttula
President & CEO


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main media
www.tamfelt.com


Tamfelt is a world-leading supplier of technical textiles. The company's main
products are clothing products for the paper and pulp as well as mining and
chemical industries. The Group employs about 1,350 people and its net sales in
2008 were 165 million euro. Founded in 1797, the company is one of the pioneers
of Finnish industry.
Metso has received all required approvals or permissions from the competition authorities for the share exchange offer for all issued and outstanding shares and stock options of Tamfelt Corp.
