Metso Oyj - Company Announcement

Metso Corporation's largest shareholders according to the shareholder register on November 3, 2008

Metso Corporation Company release on November 4, 2008 at 11:15 a.m.

Metso's Annual General Meeting decided on April 2, 2008 to establish
a Nomination Committee to prepare proposals for the next Annual
General Meeting on the composition of the Board of Directors along
with the director remuneration.

The representatives of the four biggest shareholders are elected to
the Nomination Committee and the Chairman of the Board as an expert
member. The right to nominate members to represent shareholders in
the Committee belongs to the four shareholders who hold the most
votes in Metso on November 3, 2008. The Chairman of the Board will
convene the Nomination Committee, and the Committee will elect a
chairman from among its members.

According to the shareholder register, Metso Corporation's four
largest shareholders on November 3, 2008 were: State of Finland
(15,695,287 shares and votes or 11.07% of share capital and votes),
Cevian Capital II Master Fund L.P. (7,060,060 shares and votes or
4.98% of share capital and votes), Varma Mutual Pension Insurance
Company (3,520,204 shares and votes or 2.48% of share capital and
votes) and Ilmarinen Mutual Pension Insurance Company (3,237,621
shares and votes or 2.28% of share capital and votes).

Metso Corporation's next Annual General Meeting is planned to be held
on March 31, 2009.

Metso is a global engineering and technology corporation with 2007
net sales of over EUR 6 billion. Its over 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

Further information for the press, please contact:
Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso
Corporation,
tel. +358 20 484 3240

Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso
Corporation, tel. +358 20 484 3253

Metso Corporation


Olli Vaartimo
Executive Vice President and CFO


Kati Renvall
Vice President, Corporate Communications

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