Metso Paper sells majority of Metso Paper AG

Published Feb 22, 2007 13.00.00 +2 GMT

Metso Paper, Inc. has sold the majority of Metso Paper AG in Delémont, Switzerland to Mr. Kari Nettamo as of March 1, 2007. Metso Paper will remain a minority shareholder in the company for a transitional period. The arrangement is in line with Metso Paper’s strategy to focus on its core businesses.

Metso Paper AG is the leading supplier of roll logistic systems and solutions and services for global print media and paper converting industries. The company has about 70 employees and it has an annual turnover of approx. EUR 10 million.

Kari Nettamo has held several management positions at Metso Paper and other companies in Finland and the U.S.A.

Metso is a global engineering and technology corporation with 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.

For additional information, please contact: Mikko Siiteri Senior Vice President, Strategic Development Metso Paper Tel. + 358 20 484 2284

Kari Nettamo Tel +358 40 759 4465