HELSINKI, Finland, Oct. 31, 2006 (PRIMEZONE) -- Metso Corporation has been informed about a change in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On October 30, 2006, J.P. Morgan Chase & Co's holdings amounted to 4.99 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 5.03 percent on July 31, 2006. The threshold of five percent was crossed on October 30, 2006 when J.P. Morgan Asset Management (UK) Limited sold 147,500 Metso shares. According to their announcement, holdings by mutual funds of J.P. Morgan Chase & Co. on October 30, 2006 were as follows:
J.P. Morgan Investment Management Inc. 1,661,585 shares J.P. Morgan Trust Bank 52,000 shares JP Asset Management (Taiwan) Limited 31,190 shares JP Asset Management Limited 126,324 shares JP Morgan Asset Management (Japan) Limited 19,294 shares JPMorgan Asset Management (UK) Limited 4,906,792 shares JPMorgan Chase Bank 239,477 shares J.P. Morgan Securities Ltd. 34,327 shares Total 7,070,989 shares
This holding corresponds to 4.99 percent of the paid up share capital of Metso Corporation.
Metso is a global engineering and technology corporation with 2005 net sales of approximately EUR 4.2 billion. Its 22,000 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.