Metso Corporation's company release on December 4, 2009 at 4:20 p.m. Metso Corporation's exchange offer for Tamfelt Corp.'s shares and stock options commenced on November 23, 2009. As of today, shareholders of Tamfelt, whose aggregated ownership in Tamfelt is 68.01 per cent, have either accepted or undertaken to accept Metso's exchange offer. Therefore, the condition precedent as to 66.67 per cent acceptance rate for the exchange offer has been satisfied assuming that no acceptances will be withdrawn prior to the expiration of the offer period. The offer period for the exchange offer preliminarily expires on December 18, 2009 at 4:00 p.m (Finnish time). Metso's target is 100 per cent ownership in Tamfelt. Assuming that Metso receives, as a result of the exchange offer, more than 90 per cent of the shares in Tamfelt, Metso will initiate without delay necessary measures for obtaining the remainder of the shares in a compulsory redemption proceeding under the Finnish Companies Act. Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 26,500 employees in more than 50 countries. www.metso.com For further information, please contact: Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 40 530 0778 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. Metso Corporation Olli Vaartimo Executive Vice President and CFO Kati Renvall Vice President, Group Communications Distribution: NASDAQ OMX Helsinki Ltd Media www.metso.com
Shareholders whose aggregated ownership in Tamfelt Corp. is more than 66.67 per cent have either accepted or undertaken to accept Metso's exchange offer
| Source: Metso Oyj