Preliminary result of Metso Corporation´s share exchange offer for all issued and outstanding shares and stock options of Tamfelt Corp. and the completion of the share exchange offer

TAMFELT CORP. STOCK EXCHANGE RELEASE December 21, 2009 at 5.00 p.m.


PRELIMINARY RESULT OF METSO CORPORATION´S SHARE EXCHANGE OFFER FOR ALL ISSUED
AND OUTSTANDING SHARES AND STOCK OPTIONS OF TAMFELT CORP. AND THE COMPLETION OF
THE SHARE EXCHANGE OFFER 


The offer period in the share exchange offer by Metso Corporation for all
issued and outstanding shares and stock options of Tamfelt Corp. expired on
December 18, 2009. According to the preliminary result of the share exchange
offer, the shares tendered in the share exchange offer represent approximately
96.50 percent of all the shares and votes in Tamfelt on a fully diluted basis
(including shares already owned by Metso or its affiliates). All of the stock
options were tendered in the share exchange offer. 

As all the conditions to the completion of the share exchange offer, excluding
the amendment of the articles of association of Tamfelt to remove Article 12,
have been fulfilled, Metso will complete the share exchange offer in accordance
with its terms and conditions, subject only to the amendment to the articles of
association of Tamfelt being registered with the Trade Register which is
expected to occur on December 22, 2009. 

The final result of the share exchange offer will be confirmed and announced on
or about December 23, 2009. 

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.