The Annual General Meeting of Metso Corporation approved today the accounts for 2006 as presented by the Board of Directors and voted to discharge the members of the Board of Directors and the President and CEO of Metso Corporation from liability for the financial year 2006. In addition, the Annual General Meeting approved the proposals of the Board of Directors to amend the Articles of Association and to authorize Board of Directors to resolve of a repurchase of the Corporation's own shares and of a share issue. The Annual General Meeting decided to establish a Nomination Committee of the Annual General Meeting to prepare proposals for the following Annual General Meeting in respect of the composition of the Board of Directors along with the director remuneration. Nomination Committee consists of the representatives appointed by the four biggest shareholders along with the Chairman of the Board of Directors as an expert member. Matti Kavetvuo was re-elected the Chairman of the Board and Jaakko Rauramo was re-elected the Vice Chairman of the Board. Eva Liljeblom, Professor at the Swedish School of Economics and Business Administration, Helsinki, Finland, was elected as new member of the Board. Board members re-elected were Svante Adde, Maija-Liisa Friman, Christer Gardell and Yrjö Neuvo. The term of office of Board members lasts until the end of the next Annual General Meeting. The Annual General Meeting decided that the annual remunerations for Board members be EUR 80,000 for the Chairman, EUR 50,000 for the Vice Chairman and the Chairman of the Audit Committee and EUR 40,000 for the members and that the meeting fee including committee meetings be EUR 500 for meeting. The auditing company, Authorized Public Accountant PricewaterhouseCoopers was re-elected to act as an Auditor of the Corporation until the end of the next Annual General Meeting. The Annual General Meeting decided that a dividend of EUR 1.50 per share be paid for the financial year which ended on December 31, 2006. The dividend will be paid to shareholders who have been entered as shareholders in the Corporation's shareholder register maintained by the Finnish Central Securities Depository Ltd. by the dividend record date, April 10, 2007. The dividend will be paid on April 17, 2007. Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 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. www.metso.com For further information, please contact: Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso Corporation, tel. +358 20 484 3240 Metso Corporation Olli Vaartimo Kati Renvall Executive Vice President and CFO Vice President, Corporate Communications distribution: Helsinki Stock Exchange New York Stock Exchange Media www.metso.com