Tamfelt Oyj Abp - Company Announcement

METSO CORPORATION'S EXCHANGE OFFER FOR ALL SHARES AND OPTION RIGHTS OF TAMFELT CORP. BEGINS ON NOVEMBER 23, 2009

TAMFELT CORP. STOCK EXCHANGE RELEASE November 20, 2009 at 9.30 a.m.             


METSO CORPORATION'S EXCHANGE OFFER FOR ALL SHARES AND OPTION RIGHTS OF TAMFELT 
CORP. BEGINS ON NOVEMBER 23, 2009                                               

Tamfelt Corp. (Tamfelt) announced on November 5, 2009 that it has entered into a
combination agreement with Metso Corporation (Metso) according to which Metso   
will make a public tender offer for all issued and outstanding shares and option
rights of Tamfelt. The tender offer will be carried out through a share exchange
(the “Exchange Offer”).                                                         

In accordance with the Securities Markets Act the Board of Directors of Tamfelt 
announced its statement on the Exchange Offer in the stock exchange release on  
November 9, 2009, in which the Board of Directors of Tamfelt unanimously        
recommends that Tamfelt's shareholders and holders of stock options accept the  
Exchange Offer.                                                                 

Tamfelt has today been informed that the Exchange Offer begins on November 23,  
2009 at 9.00 a.m. (Finnish time) and preliminary expires on December 18, 2009 at
4.00 p.m. (Finnish time).                                                       

According to Metso's stock exchange release published earlier today the Finnish 
Financial Supervisory Authority has on November 19, 2009 approved the Share     
Exchange Offer Document and the listing particulars for the Exchange Offer.     

Metso's stock exchange release follows this release and contains information on 
the publication of the Share Exchange Offer Document and the listing            
particulars. The complete terms of the Exchange Offer are attached to this      
release.                                                                        


Tampere, November 20, 2009                                                      

Tamfelt Corp.                                                                   

Reima Kerttula                                                                  
President and CEO                                                               


Additional information:                                                         
Mr. Kimmo Pärssinen, CFO of Tamfelt Corp., tel. +358 40 505 3755.               


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Main Media                                                                      
www.tamfelt.com                                                                 


Tamfelt is a world-leading supplier of technical textiles. The company's main   
products are paper and board machine clothing and filter fabrics for the paper  
and pulp as well as mining and chemical industries. The Group employs about     
1,350 people and its net sales in 2008 were 165 million euro. Founded in 1797,  
the company is one of the pioneers of Finnish industry.                         


METSO CORPORATION'S EXCHANGE OFFER FOR ALL ISSUED AND OUTSTANDING SHARES AND    
STOCK OPTIONS OF TAMFELT CORP. BEGINS ON NOVEMBER 23, 2009                      

Metso Corporation's company release on November 20, 2009 at 8:30 a.m.           

Metso Corporation (Metso) and Tamfelt Corp. (Tamfelt) agreed on November 5, 2009
to combine their operations. According to the combination agreement, the        
combination will be carried out through a share exchange. In the share exchange,
Metso offers Tamfelt's shareholders 3 new shares issued by Metso for each 10    
Tamfelt shares. Metso offers EUR 0.35 for each stock option issued by Tamfelt.  
The Board of Directors of Tamfelt unanimously recommends that Tamfelt's         
shareholders and holders of Stock Options accept Metso's offer.                 

The offer period for the share exchange offer will begin on November 23, 2009 at
9:00 a.m. (Finnish time) and preliminarily expires on December 18, 2009 at 4:00 
p.m.                                                                            

The Finnish Financial Supervisory Authority has on November 19, 2009 approved   
the Share Exchange Offer Document and the listing particulars for the share     
exchange offer.                                                                 

The Finnish language Share Exchange Offer Document will be available on the     
internet at www.metso.com, www.tamfelt.fi and www.seb.fi starting on November   
20, 2009, and at the reception of NASDAQ OMX Helsinki Ltd at Fabianinkatu 14,   
Helsinki, Finland, at the Group head office of Metso at Fabianinkatu 9 A,       
Helsinki, Finland, at the Tamfelt headquarters at Yrittäjänkatu 21, Tampere,    
Finland, and at the offices of Skandinaviska Enskilda Banken AB (publ) Helsinki 
Branch at Unioninkatu 30, Helsinki, Finland, starting on November 23, 2009. The 
Finnish language Share Exchange Offer Document can also be ordered by telephone 
at +358 20 484 3255 or by e-mail vaihtotarjous@metso.com.                       

The terms and conditions of the share exchange offer are attached in their      
entirety to this stock exchange release (Attachment 1).                         

Metso is a global supplier of sustainable technology and services for mining,   
construction, power generation, automation, recycling and the pulp and paper    
industries. We have about 26,500 employees in more than 50 countries.
www.metso.com                                                                   


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


This release may not be released or otherwise distributed, in whole or in part, 
in or into Australia, Canada, Japan, New Zealand, South Africa or the United    
States. This release is not a tender offer document and as such does not        
constitute an offer or invitation to make a sales offer. Investors shall accept 
the Share Exchange Offer for the shares and the offer for the Stock Options only
on the basis of the information provided in a share exchange offer document.    
Offers will not be made directly or indirectly in any jurisdiction where either 
an offer or participation therein is prohibited by applicable law or where any  
share exchange offer document or registration or other requirements would apply 
in addition to those undertaken in Finland.                                     
The share exchange offer document and related acceptance forms will not and may 
not be distributed, forwarded or transmitted into or from any jurisdiction where
prohibited by applicable law. In particular, the Share Exchange Offer or the    
offer for the Stock Options is not being made, directly or indirectly, in or    
into, or by use of the postal service of, or by any means or instrumentality    
(including, without limitation, facsimile transmission, telex, telephone or the 
Internet) of interstate or foreign commerce of, or any facilities of a national 
securities exchange of, Australia, Canada, Japan, New Zealand, South Africa or  
the United States. The Share Exchange Offer or offer for the Stock Options      
cannot be accepted by any such use, means or instrumentality or from within     
Australia, Canada, Japan, New Zealand, South Africa or the United States.       


Metso Corporation                                                               

Olli Vaartimo                                                                   
Executive Vice President and CFO                                                


Kati Renvall                                                                    
Vice President, Group Communications                                            


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

Attachments:

en_attachment1.pdf