Metso Oyj - Company Announcement

Metso Annual General Meeting, April 2, 2008: President and CEO Jorma Eloranta's review

At Metso Corporation's Annual General Meeting, which was opened today
at 3:00 p.m., President and CEO Jorma Eloranta estimated in his
review that Metso's profitable growth will continue also in 2008:"Both our net sales and our profit were on target in
January-February, supporting this year's performance estimate
announced in conjunction with the February publication of our
financial statements.""In February, we announced our 2008 net sales growth guidance of
about 10 percent on the previous year, at comparable exchange rates,
and an operating profit margin level of about 10 percent."
Demand for Metso's products and services has continued favorably in
the first months of the year. "As we stated in February, general
uncertainty about the growth of the global economy may, however, have
an impact on the timing of certain customer projects. In fact, the
early-year start-up of a few pulp and paper industry projects has
been postponed, but this gives no reason to change the positive
general assessment of the market situation," Eloranta says.
In his address, Eloranta emphasized Metso's renewal in recent years."Last year, 43 percent of our orders received came from emerging
markets. It is only a matter of time until these markets generate
half our net sales. Our services business has also developed
favorably. It currently accounts for 33 percent of Metso's net sales,
and we are targeting annual growth of over 10 percent."
Eloranta also highlighted the importance of the energy industry to
Metso: Last year, already 17 percent of orders received came from
this customer segment. In the longer term, our environmental
technology know-how will further strengthen our growth. "New market
areas, services and customer segments offer us significant
opportunities for organic growth. Our capital expenditure plan for
2008 - more than 200 million euros - primarily targets the
strengthening of these growth areas. We are investing particularly in
increasing our presence in the markets with the strongest growth.
Even after the investments, our balance sheet will be solid enough to
carry out value-enhancing complementary acquisitions, should the
opportunity arise."

Metso is a global engineering and technology corporation with 2007
net sales of approximately EUR 6.25 billion. Its almost 27,000
employees in approximately 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 additional information:
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 20
484 3000
Olli Vaartimo, Executive Vice President and CFO, Metso Corporation,
tel. +358 20 484 3010

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:
OMX Nordic Exchange in Helsinki
Media
www.metso.com

Attachments:

Metso AGM 2008 Jorma Elorantas presentation