Metso seeks to delist from the New York Stock Exchange and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934

Metso's Board of Directors has today decided to apply for delisting
of Metso's American Depositary Shares (the "ADSs"), each representing
one ordinary share, from the New York Stock Exchange (the "NYSE") in
the United States, and pursuant to the newly-adopted Rule 12h-6 under
the U.S. Securities Exchange Act of 1934 (the "Exchange Act")
deregister and terminate Metso's reporting obligations under the
Exchange Act. However, Metso plans to maintain its ADR facility, and
following the delisting Metso's ADSs are expected to be traded
over-the-counter (OTC) in the United States. Metso's ordinary shares
will continue to trade on the Helsinki Stock Exchange.

Metso's Board of Directors authorized this action based on its
assessment that the reasons why the listing was originally sought in
mid 1990's are no longer valid since the capital markets have become
more global. All investors of the ordinary shares and ADSs of Metso
are accorded protection by Metso's continued compliance with the
rules of the Helsinki Stock Exchange and other Finnish regulations.

Metso's rationale for the delisting and deregistration is based
primarily on the following factors:

- Metso's ordinary shares are listed and actively traded on the
Helsinki Stock Exchange, and substantially all of the trading of
Metso shares occurs outside of the United States.

- The trading and liquidity of the ADSs on the NYSE has declined
significantly over time and is currently limited, representing less
than 1 percent of all trades.

- With the increased sophistication and transparency of the capital
markets worldwide, Metso believes that the value of maintaining a
dual listing in the United States and Finland is reduced, and

- Particularly after the adoption of International Financial
Reporting Standards in 2005, Metso believes that the cost and
complexity of maintaining a dual listing and satisfying multiple
financial reporting obligations outweigh the value of maintaining
such dual listing and compliance with multiple reporting regimes.

Says Jorma Eloranta, President and CEO of Metso: "Our intention to
delist from the New York Stock Exchange does not imply a reduced
focus on our international shareholders or on our international or
U.S. markets. We intend to continue our high standard of corporate
governance, transparency in financial reporting and internal controls
subsequent to the effectiveness of the NYSE delisting and SEC
deregistration."

Metso expects to complete the delisting and deregistration process
during 2007. Metso intends to file a Form 15F with the SEC to
terminate its Section 12(g) registration and Section 13(a) and
Section 15(d) reporting obligations under the Exchange Act as soon as
practicable following Metso's readiness for OTC trading and the
effectiveness of NYSE delisting. Upon the filing of Form 15F, Metso's
reporting obligations under the Exchange Act are immediately
suspended and a 90-day waiting period is triggered during which time
the SEC could object to the filing. At the end of the 90-day waiting
period, such suspension becomes a termination, provided that the SEC
does not raise objections or the Form 15F is not earlier withdrawn by
Metso. Metso reserves the right to delay the filing of the Form 15F
or withdraw the Form 15F for any reason prior to its effectiveness.

In any case, Metso intends to continue its SEC reporting until
December 2007 when its outstanding SEC-registered U.S. bond matures.
From the termination of reporting obligations onwards, Metso will
continue to publish in English on its website (www.metso.com)
materials that are required to be made public pursuant to Finnish
law, or required to be publicly filed with its primary trading market
or required to be distributed to security holders.

Metso has not arranged for the listing of its ADSs or ordinary shares
on another national securities exchange or for the quotation of its
ordinary shares in a quotation medium in the United States. However,
Metso intends to maintain its American Depositary Receipt (ADR)
facility relating to the ADSs with the Bank of New York and intends
to amend its Deposit Agreement with the Bank of New York to reflect
the deregistration. Following the delisting, Metso's ADSs are
expected to be traded over-the-counter (OTC) in the United States.

Metso is a global engineering and technology corporation with 2006
net sales of approximately EUR 5 billion. Its 26,000 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.
www.metso.com

For further information, please contact:

Olli Vaartimo, Executive Vice President and CFO, Metso Corporation,
tel. +358 20 484 3010
Johanna Sintonen, Vice President, Investor Relations, Metso
Coporation, tel. +358 20 484 3253

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:
Helsinki Stock Exchange
New York Stock Exchange
Media
www.metso.com