Invitation to the Annual General Meeting

        Print
| Source: Metso Oyj
Invitation to the Annual General Meeting

Metso Corporation's stock exchange release on February 6, 2014 at 1:00 p.m.
local time

Notice is given to the shareholders of Metso Corporation to the Annual General
Meeting to be held on Wednesday, March 26, 2014 at 11.00 a.m. at the Helsinki
Exhibition & Convention Centre at the address Messuaukio 1, FI-00520 Helsinki,
Finland. The reception of persons who have registered for the meeting and the
distribution of voting tickets will commence at 10.00 a.m.

A. Matters on the agenda of the Annual General Meeting

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting
of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6.  Presentation of the Financial Statements, the Consolidated Financial
Statements, the Report of the Board of Directors and the Auditor's report for
the year 2013

- Review by the CEO

7. Adoption of the Financial Statements and the Consolidated Financial
Statements

8. Resolution on the use of the profit shown on the balance sheet and the
payment of dividend

The Company's distributable funds totaled EUR 664,314,590.01 on December
31, 2013, of which the net profit for the year 2013 was EUR 202,849,027.56.

The Board of Directors proposes that a dividend of EUR 1.00 per share be paid
based on the balance sheet to be adopted for the financial year, which ended
December 31, 2013 and the remaining part of the profit be retained and carried
further in the Company's unrestricted equity.

The dividend shall be paid to shareholders who on the dividend record date March
31, 2014 are registered in the Company's shareholders' register held by
Euroclear Finland Ltd. The dividend shall be paid on April 8, 2014. All the
shares in the Company are entitled to a dividend with the exception of own
shares held by the Company on the dividend record date.

9. Resolution on the discharge of the members of the Board of Directors and the
CEO from liability

10. Resolution on the remuneration of members of the Board of Directors

The Nomination Board of the General Meeting proposes to the General Meeting that
the members of the Board of Directors to be elected for a term of office ending
at the end of the Annual General Meeting of the year 2015 be paid the following
annual remuneration: to the Chairman of the Board of Directors EUR 100,000; to
the Vice-Chairman of the Board of Directors and the Chairman of the Audit
Committee EUR 60,000; and to the other members of the Board of Directors EUR
48,000 each. The Nomination Board furthermore proposes that for each meeting of
the Board of Directors or the committees of the Board of Directors a fee of EUR
700 is paid to the members of the Board of Directors that reside in the Nordic
countries, a fee of EUR 1,400 is paid to the members of the Board of Directors
that reside in other European countries and a fee of EUR 2,800 is paid to the
members of the Board of Directors that reside outside Europe. The Nomination
Board of the General Meeting proposes that as a condition for the annual
remuneration the members of the Board of Directors are obliged, directly based
on the General Meeting's decision, to use 40% of the fixed annual remuneration
for purchasing Metso Corporation shares from the market at a price formed in
public trading and that the purchase will be carried out within two weeks from
the publication of the interim review for the period January 1, 2014 to March
31, 2014.

11. Resolution on the number of members of the Board of Directors

The Nomination Board of the General Meeting proposes that the number of members
of the Board of Directors shall be seven.

12. Election of members of the Board of Directors

The Nomination Board of the General Meeting proposes that the following current
members of the Board of Directors be re-elected as members of the Board of
Directors: Mr. Mikael Lilius, Mr. Christer Gardell, Mr. Wilson Brumer, Mr. Ozey
K. Horton, Jr., Mr. Lars Josefsson, Ms. Nina Kopola and Ms. Eeva Sipilä. Mr.
Mikael Lilius is proposed to be re-elected as Chairman of the Board of Directors
and Mr. Christer Gardell as Vice-Chairman of the Board of Directors. According
to Section 4 of the Articles of Association, the term of office of a member of
the Board of Directors expires at the end of the first Annual General Meeting
following the election.

Personal information and positions of trust of the proposed individuals is
available on Metso's website (www.metso.com). All candidates have given their
consent to the appointments.

In addition the Nomination Board of the General Meeting notes that also during
the commencing term of office of the Board of Directors a personnel
representative will participate as an invited expert in meetings of the Board of
Directors of the Company within the limitations imposed by the Finnish Act on
Personnel Representation in the Administration of Undertakings. The new Board of
Directors will invite the personnel representative as its external expert in its
organizing meeting after the Annual General Meeting.

13. Resolution on the remuneration of the Auditor

Based on the proposal of the Audit Committee, the Board of Directors proposes
that the remuneration to the Auditor be paid against the invoice approved by the
Audit Committee.

14. Election of the Auditor

Based on the proposal of the Audit Committee, the Board of Directors proposes
that Ernst & Young Oy, authorized public accountants, be elected Auditor of the
Company. Ernst & Young Oy has notified that Mr. Roger Rejström, APA, would act
as responsible auditor.

15. Authorizing the Board of Directors to decide on the repurchase and/or on the
acceptance as pledge of the Company's own shares

The Board of Directors proposes to the General Meeting that the Board of
Directors be authorized to decide on the repurchase and/or on the acceptance as
pledge of the Company's own shares as follows.

The amount of own shares to be repurchased and/or accepted as pledge shall not
exceed 10,000,000 shares, which corresponds to approximately 6.7 percent of all
the shares in the Company. Own shares can be repurchased otherwise than in
proportion to the shareholdings of the shareholders (directed repurchase). Own
shares can be repurchased using the unrestricted equity of the Company at a
price formed in public trading on the date of the repurchase or otherwise at a
price determined by the markets.

Own shares may be repurchased and/or accepted as pledge in order to develop the
Company's capital structure, in order to finance or carry out acquisitions,
investments or other business transactions, or in order to use the shares as
part of the Company's incentive scheme.

The repurchased shares may be held for reissue, canceled or transferred further.

The Board of Directors decides on all other matters related to the repurchase
and/or acceptance as pledge of own shares. The authorization is effective until
June 30, 2015 and it cancels the authorization given to the Board of Directors
by the Annual General Meeting on March 28, 2013 to decide on the repurchase of
the Company's own shares.

16. Authorizing the Board of Directors to decide on the issuance of shares and
the issuance of special rights entitling to shares

The Board of Directors proposes to the General Meeting that the Board of
Directors be authorized to decide on the issuance of new shares and the transfer
of the Company's own shares as well as the issuance of special rights referred
to in Chapter 10 Section 1 of the Companies Act as follows.

The amount of new shares, which may be issued shall not exceed 15,000,000
shares, which corresponds to approximately 10 percent of all shares in the
Company. The amount of the Company's own shares which may be transferred shall
not exceed 10,000,000 shares, which corresponds to approximately 6.7 percent of
all shares in the Company.

The Board of Directors is furthermore authorized to issue special rights
referred to in Chapter 10 Section 1 of the Companies Act entitling their holder
to receive new shares or the Company's own shares for consideration in such a
manner that the subscription price of the shares is to be set off against a
receivable of the subscriber ("Convertible Bond"). The amount of shares which
may be issued or transferred based on the special rights shall not exceed
15,000,000 shares, which corresponds to approximately 10 percent of all shares
in the Company. This aggregate number of shares is included in the aggregate
numbers of shares mentioned in the previous paragraph.

The new shares may be issued and the Company's own shares may be transferred for
consideration or without consideration.

The Board of Directors is also authorized to decide on a share issue to the
Company itself without consideration. The amount of shares which may be issued
to the Company combined with the amount of shares to be repurchased based on
authorization shall not exceed 10,000,000 shares, which corresponds to
approximately 6.7 percent of all shares in the Company.

The new shares and the special rights referred to in Chapter 10 Section 1 of the
Companies Act may be issued and the Company's own shares transferred to the
shareholders in proportion to their current shareholdings in the Company. The
new shares and the special rights referred to in Chapter 10 Section 1 of the
Companies Act may also be issued and the Company's own shares transferred in
deviation from the shareholders' pre-emptive rights by way of a directed issue
if there is a weighty financial reason for the Company to do so. The deviation
from the shareholders' pre-emptive rights may be carried out for example in
order to develop the Company's capital structure, in order to finance or carry
out acquisitions, investments or other business transactions, or in order to use
the shares for an incentive scheme. A directed share issue may be executed
without payment only if there is an especially weighty financial reason for the
Company to do so, taking the interests of all shareholders into account.

The Board of Directors decides on all other matters related to the issuance of
shares and special rights referred to in Chapter 10 Section 1 of the Companies
Act.

The authorization is effective until April 30, 2016, and it cancels the
authorization given by the Annual General Meeting on March 29, 2012.

17. Closing of the meeting

B. Documents of the General Meeting

The proposals for decisions on the matters on the agenda of the General Meeting
as well as this notice are available on Metso Corporation's website at the
address www.metso.com. The Annual Report of Metso Corporation including the
Financial Statements, Consolidated Financial Statements, the Report of the Board
of Directors and the Auditor's report are available on the above-mentioned
website no later than March 5, 2014. The proposals for decisions and the
Financial Statements and Consolidated Financial Statements are also available at
the General Meeting and copies of said documents and of this notice will be
delivered to shareholders upon request. The minutes of the General Meeting will
be available on the above-mentioned website from April 9, 2014 at the latest.

C. Instructions for the participants in the General Meeting

1. The right to participate in the General Meeting and registration

Each shareholder who is registered on March 14, 2014 in the shareholders'
register of the Company held by Euroclear Finland Ltd has the right to
participate in the General Meeting. A shareholder whose shares are registered on
his/her personal Finnish book-entry account is registered in the shareholders'
register of the Company.

A shareholder who is registered in the shareholders' register of the Company and
who wants to participate in the General Meeting has to register for the meeting
no later than on March 21, 2014 at 10.00 a.m. by giving a prior notice of
participation. The notice has to be received by the Company before the end of
the registration period. Such notice can be given:

 a. at the address www.metso.com/agm;
 b. by telephone at the number +358 10 808 300 (on weekdays between 8.00 a.m.
    and 6.00 p.m.);
 c. by telefax at the number +358 20 484 3125; or
 d. by sending a written notification to the address Metso Corporation, Ritva
    Tyventö-Saari, POB 1220, FI-00101 Helsinki.
In connection with the registration, a shareholder shall notify his/her name,
personal identification number or business identity code, address, telephone
number and the name of a possible assistant, proxy representative or statutory
representative as well as the personal identification number of the proxy
representative or statutory representative. The personal data given to Metso
Corporation by shareholders is used only in connection with the General Meeting
and with the processing of related registrations.

The shareholder, his/her authorized representative or proxy representative
shall, where necessary, be able to prove his/her identity and/or right of
representation at the General Meeting.

2. Holders of nominee registered shares

A holder of nominee registered shares has the right to participate in the
General Meeting by virtue of such shares based on which he/she on the General
Meeting record date, March 14, 2014, would be entitled to be registered in the
shareholders' register of the Company held by Euroclear Finland Ltd. The right
to participate in the General Meeting requires, in addition, that the
shareholder on the basis of such shares has been temporarily registered into the
shareholders' register held by Euroclear Finland Ltd at the latest by March
21, 2014 at 10.00 a.m. As regards nominee registered shares, this constitutes
due registration for the General Meeting.

A holder of nominee registered shares is advised to request well in advance the
necessary instructions regarding the registration in the shareholders' register,
the issuing of proxy documents and participation in the General Meeting from
his/her custodian bank.

The account management organization of the custodian bank has to register a
holder of nominee registered shares who wants to participate in the General
Meeting temporarily into the shareholders' register of the Company at the latest
by the time stated above.

3. Proxy representative and powers of attorney

A shareholder may participate in the General Meeting by way of proxy
representation. The proxy representative shall produce a dated proxy document or
otherwise in a reliable manner demonstrate his/her right to represent the
shareholder.

When a shareholder participates in the General Meeting by means of several proxy
representatives representing the shareholder with shares held at different
securities accounts, the shares by which each proxy representative represents
the shareholder shall be identified in connection with the registration for the
General Meeting.

Possible proxy documents should be delivered in original to the address Metso
Corporation, Ritva Tyventö-Saari, POB 1220, FI-00101 Helsinki, Finland, before
the last date for registration.

4. Other information

Pursuant to Chapter 5, Section 25 of the Companies Act, a shareholder who is
present at the General Meeting has the right to request information with respect
to the matters to be considered at the meeting.

On the date of the notice, February 6, 2014, the total number of shares and
votes in Metso Corporation is 150,348,256. The total amount includes 483,637 own
shares held by the Company. Such own shares held by the Company do not have
voting rights.

In Helsinki, February 6, 2014

METSO CORPORATION

Board of Directors



Metso is a leading process performance provider, with customers in the mining,
construction, and oil & gas industries. Metso is also known for its advanced
automation
solutions for pulp, paper and power generation. Our focus is on the continuous
development of intelligent solutions that improve sustainability and
profitability. Metso's
shares are listed on the NASDAQ OMX Helsinki Ltd. Metso employs around 16,000
professionals
in 50 countries. Expect results.

www.metso.com,  www.twitter.com/metsogroup

Further information, please contact:

Aleksanteri Lebedeff, SVP, General Counsel, Metso Corporation, tel
+358 20 484 3240



Metso Corporation

Harri Nikunen

CFO

Juha Rouhiainen

VP, Investor Relations



Distribution:

NASDAQ OMX Helsinki Ltd

Media

www.metso.com


[HUG#1759786]