Metso Oyj - Company Announcement

Metso seeks to terminate registration of its securities under Section 12(g) of the U.S. Securities Exchange Act of 1934 (the "Exchange Act") and terminate its reporting obligations under Section 13(a) and Section 15(d) of the Exchange Act

Metso Corporation announced on July 26, 2007 that its Board of
Directors decided to apply for delisting of Metso's American
Depositary Shares (the "ADSs"), each representing one ordinary share,
from the New York Stock Exchange (the "NYSE") in the United States,
and pursuant to the newly-adopted Rule 12h-6 under the U.S.
Securities Exchange Act of 1934 (the "Exchange Act") deregister and
terminate Metso's reporting obligations under the Exchange Act
regarding both its ADSs and SEC-registered debt securities. However,
Metso plans to maintain its American Depositary Receipt (ADR)
facility, and following the delisting Metso's ADSs are expected to be
traded over-the-counter (OTC) in the United States. Metso's ordinary
shares will continue to trade on the Helsinki Stock Exchange. Metso's
SEC-registered debt securities are not listed. This notice is being
published pursuant to the requirements of Rule 12h-6(h) of the
Exchange Act in order to alert U.S. investors who have purchased
Metso's securities about Metso's intended exit from the Exchange Act
registration and reporting system.

Metso's Board of Directors authorized this action based on its
assessment that the reasons why the listing was originally sought in
mid 1990's are no longer valid since the capital markets have become
more global. All investors of the ordinary shares and ADSs of Metso
are accorded protection by Metso's continued compliance with the
rules of the Helsinki Stock Exchange and other Finnish regulations.

Metso expects to complete the delisting and deregistration process
during 2007. Metso intends to file a Form 25 with the SEC on
September 4 to terminate its Section 12(b) registration under the
Exchange Act and to delist from the NYSE.  Such delisting will
automatically take effect 10 days later.  Metso also intends to file
a Form 15F with the SEC on or about September 14 to terminate its
Section 12(g) registration and Section 13(a) and Section 15(d)
reporting obligations under the Exchange Act. Upon the filing of Form
15F, Metso's reporting obligations under the Exchange Act are
immediately suspended and a 90-day waiting period is triggered during
which time the SEC could object to the filing. At the end of the
90-day waiting period, such suspension becomes a termination,
provided that the SEC does not raise objections or the Form 15F is
not earlier withdrawn by Metso. Metso reserves the right to delay the
filing of the Form 15F or withdraw the Form 15F for any reason prior
to its effectiveness.

In any case, Metso intends to continue voluntary SEC reporting until
December 2007 when its outstanding SEC-registered U.S. bond matures.
From the termination of reporting obligations onwards, Metso will
continue to publish in English on its website (www.metso.com)
materials that are required to be made public pursuant to Finnish
law, or required to be publicly filed with its primary trading market
or required to be distributed to security holders.

Metso has not arranged for the listing of its ADSs or ordinary shares
on another U.S. national securities exchange or for the quotation of
its ordinary shares in a quotation medium in the United States.
However, Metso intends to maintain its ADR facility relating to the
ADSs with the Bank of New York and intends to amend its Deposit
Agreement with the Bank of New York to reflect the deregistration.
Following the delisting, Metso's ADSs are expected to be traded OTC
in the United States.

Metso is a global engineering and technology corporation with 2006
net sales of approximately EUR 5 billion. Its 26,000 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.
www.metso.com


For further information, please contact:
Olli Vaartimo, Executive Vice President and CFO, Metso Corporation,
tel. +358 204 84 3010
Johanna Sintonen, Vice President, Investor Relations, Metso
Corporation,
tel. +358 20 484 3253


It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding
expectations for general economic development and the market
situation, expectations for customer industry profitability and
investment willingness, expectations for company growth, development
and profitability and the realization of synergy benefits and cost
savings, and statements preceded by "expects", "estimates","forecasts" or similar expressions, are forward-looking statements.
These statements are based on current decisions and plans and
currently known factors. They involve risks and uncertainties which
may cause the actual results to materially differ from the results
currently expected by the company.

Such factors include, but are not limited to:
(1) general economic conditions, including fluctuations in exchange
rates and interest levels which influence the operating environment
and profitability of customers and thereby the orders received by the
company and their margins
(2) the competitive situation, especially significant technological
solutions developed by competitors
(3) the company's own operating conditions, such as the success of
production, product development and project management and their
continuous development and improvement
(4) the success of pending and future acquisitions and restructuring.


Metso Corporation


Olli Vaartimo
Executive Vice President and CFO


Kati Renvall
Vice President,
Corporate Communications

distribution:
Helsinki Stock Exchange
New York Stock Exchange
Media
www.metso.com