Metso has agreed to divest its German panelboard press business and to form strategic cooperation with Siempelkamp

Metso has agreed to divest Metso Panelboard GmbH, a Hannover,
Germany-based supplier of continuous press and energy plants for the
panelboard industry, to G. Siempelkamp GmbH & Co. KG of Germany. In
connection with the divestment, the parties have agreed to pursue
cooperation where Metso's front-end, forming and panelhandling
technologies will be combined with Siempelkamp's continuous press
technology.

The parties have agreed not to disclose the transaction value. The
transaction is estimated to be closed by the end of September 2007.
Metso Panelboard GmbH employs approximately 65 people, who will
transfer to Siempelkamp.

Metso Panelboard is a business line within the Metso Paper business
area. Following the divestment, Metso Panelboard will remain a major
supplier to the global wood-based panels industry, serving its
customers through its own sales and aftermarket organization. Its
product and solutions offering covers MDF front end systems,
particleboard screening and forming solutions, panelhandling systems,
as well as solutions for raw-material cleaning and dry-glue blending.
The single- and multi-opening press technology used in special
product markets, such as the doorskin production process, will also
remain Metso's property.

Metso-Siempelkamp cooperation and the divestment agreement are part
of Metso Panelboard's ongoing development and restructuring program,
which was started in December 2006. The program focuses on enhancing
Metso Panelboard's product portfolio and order-to-delivery
capabilites as well as improving the operational efficiency of the
business.

Siempelkamp Group is a Germany-based, family-owned international
supplier of hydraulic presses, press lines and related services to
the woodworking, rubber and metal forming industries. The Group is
also a supplier of nuclear technology and foundry products. Its net
sales in 2006 were EUR 412 million and it employs over 2,000 people.

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

Further information for the press, please contact:
Pentti Välimäki, President, Metso Panelboard, tel. +358 40 500 5009
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso
Corporation, 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.