Valmet Corporation - Company Announcement

Valmet Corporation's listing application approved

Valmet Corporation's listing application approved 
                              
Metso Corporation's stock exchange release on December 18, 2013 at 11:45 a.m.   
local time   
                                                                   
Metso Corporation (”Metso”) submitted on December 11, 2013 an application to    
NASDAQ OMX Helsinki Ltd (the “Helsinki Stock Exchange”) on the listing of the   
shares in Valmet Corporation (“Valmet”) on the official list of the Helsinki    
Stock Exchange on behalf of Valmet. Helsinki Stock Exchange has on December 18, 
2013 approved the listing application of Valmet's shares. Assuming that the     
completion of the demerger is registrated in the Finnish Trade Register on      
December 31, 2013, trading in Valmet's shares on the official list of the       
Helsinki Stock Exchange commences on January 2, 2014. The number of shares in   
Valmet is expected to be 149,864,619.  
                                         
On October 1, 2013, the Extraordinary General Meeting of Metso decided that     
Metso will demerge through a partial demerger in such a manner that all of the  
assets, debts and liabilities relating to Metso's Pulp, Paper and Power         
businesses will transfer, without liquidation, from Metso to Valmet. Metso's    
other businesses, including, among others, the Mining and Construction as well  
as the Automation businesses, will remain with Metso. Metso's shareholders will 
receive as demerger consideration one (1) share in Valmet for each share in     
Metso owned. No demerger consideration will be issued in respect of own shares  
held by Metso. The shares in Valmet will be entered in the book-entry accounts  
of the shareholders on or about December 31, 2013.  
                            
Monday December 30, 2013 is the last trading day on which the right to the      
demerger consideration is included in Metso's share and its price. From Thursday
January 2, 2014 onwards Valmet's share is traded as a separate share class. In a
situation where a shareholder of Metso has sold his/her shares, but the         
transaction has not been cleared prior to the expected effective date of the    
demerger (December 31, 2013), the right to the demerger consideration is        
transferred to the purchaser of the Metso share in accordance with the general  
market practice, and the demerger consideration will be transferred on the      
book-entry account of the purchaser together with the purchased Metso shares    
after the transaction has been cleared. The normal settlement period for stock  
exchange trades is three banking days.   
                                       
The Finnish demerger prospectus approved by the Finnish Financial Supervisory   
Authority, together with an unofficial English translation thereof, has been    
available as of September 23, 2013 on Metso's website www.metso.com/demerger.   

The future Valmet Corporation is a leading global developer and supplier of     
services and technologies for the pulp, paper and energy industries. Our 11,000 
professionals around the world work close to our customers and are committed to 
moving our customers' performance forward - every day.   
                       
Valmet's services cover                                                         
everything from maintenance outsourcing to mill and plant improvements and spare
parts. Our strong technology offering includes entire pulp mills, tissue, board 
and paper production lines, as well as power plants for bio-energy              
production.                
                                                     
The company has over 200 years of industrial history and will be                
reborn through the demerger of the pulp, paper and power businesses from Metso  
Group on 31 December 2013. Valmet's net sales in 2012 were approximately EUR 3  
billion. Valmet's objective is to become the global champion in serving its     
customers.          
                                                            
www.valmet.com                                                                  
www.twitter.com/valmetglobal    
                                                
Metso is a global supplier of technology and services to customers in the
process industries, 
including mining, construction, pulp and paper, power, and oil and gas. Our     
30,000 professionals based in over 50 countries contribute to sustainability and
deliver profitability to customers worldwide. Metso's shares are listed on the  
NASDAQ OMX Helsinki Ltd.      
                                                  
www.metso.com, www.twitter.com/metsogroup                                       
	                                                                               
Further information, please contact:     
                                       
Rasmus Oksala, VP, Legal, future Valmet Corporation, tel. +358 20 484           
3252                                                                            
Hanna-Maria Heikkinen, VP, Investor Relations, future Valmet Corporation,       
tel. +358 40 826 2172                                                           

Metso Corporation                                                               

Harri Nikunen                                                                   
CFO                                                                             

Juha Rouhiainen                                                                 
VP, Investor Relations                                                          

Distribution:                                                                   
NASDAQ OMX Helsinki Ltd                                                         
Media                                                                           
www.metso.com