J.P. Morgan Chase & Co.’s holdings in Metso to 4.98 percent

Metso Corporation has been informed about a change in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On January 19, 2006, J.P. Morgan Chase & Co ’s holdings amounted to 4.98 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 5.08 percent on January 9, 2005. The threshold of five percent was crossed on January 19, 2006 when J.P. Morgan Asset Management (UK) Limited sold 98,335 Metso shares.

According to their announcement, holdings by mutual funds of J.P. Morgan Chase & Co. on January 19, 2006 were as follows:

J.P. Morgan Investment Management Inc.: 2,272,018 shares
J.P. Morgan Trust Bank: 408,000 shares
J.P. Morgan Fleming Asset Management (Japan) Limited: 11,496 shares
JPMorgan Asset Management (UK) Limited : 3,905,277 shares
JPMorgan Chase Bank: 427,229 shares
J.P. Morgan Securities Ltd. 25,175 shares
J.P. Morgan Whitefriars Inc.: 5,800 shares
J.P. Morgan Investment Management Inc.: 247 ADRs
Total: 7,055,242 shares/ADRs

This holding corresponds to 4.98 percent of the paid up share capital of Metso Corporation.

Metso is a global engineering and technology corporation with 2004 net sales of approximately EUR 4 billion. Its 22 000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.

Contact Information

Johanna Sintonen

Vice President, Investor Relations

Metso Corporation

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