Metso Corporation's holding in Valmet Automotive to be reduced as part of internal asset restructuring

Metso Corporation's stock exchange release on December 30, 2013 at 7:00 p.m. local time Metso Corporation and Metso Paper Oy have concluded an arrangement under which an approximately 19.7% stake in Valmet Automotive Oy will be transferred from Metso Corporation to Metso Paper Oy as of December 31, 2013. As a result, Metso's holding in Valmet Automotive will drop from its current level of approximately 61% to approximately 41% and Valmet Automotive will cease to be a Metso subsidiary. This in turn will mean that Valmet Automotive will no longer be consolidated as a separate entity in Metso's consolidated financial statements and will instead be reported as an affiliated company. Metso and Metso Paper will both treat their holdings in Valmet Automotive as financial investments in the future. Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd., Further information, please contact: Harri Nikunen, CFO, Metso Corporation, tel +358 20 484 3010 Metso Corporation Harri Nikunen CFO Juha Rouhiainen VP, Investor Relations Distribution: NASDAQ OMX Helsinki Ltd Media This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Metso Corporation via GlobeNewswire [HUG#1752276]