METSO CORP ADS
SymbolMX

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METSO CORPORATION'S EXCHANGE OFFER FOR ALL ISSUED AND OUTSTANDING SHARES AND STOCK OPTIONS OF TAMFELT CORP. BEGINS ON NOVEMBER 23, 2009

2009-11-20 01:36 ET - News Release

HELSINKI, FINLAND -- (MARKET WIRE) -- 11/20/09


Metso Corporation's company release on November 20, 2009 at 8:30 a.m.

Metso Corporation (Metso) and Tamfelt Corp. (Tamfelt) agreed on November 5, 2009 to combine their operations. According to the combination agreement, the combination will be carried out through a share exchange. In the share exchange, Metso offers Tamfelt's shareholders 3 new shares issued by Metso for each 10 Tamfelt shares. Metso offers EUR 0.35 for each stock option issued by Tamfelt. The Board of Directors of Tamfelt unanimously recommends that Tamfelt's shareholders and holders of Stock Options accept Metso's offer.

The offer period for the share exchange offer will begin on November 23, 2009 at 9:00 a.m. (Finnish time) and preliminarily expires on December 18, 2009 at 4:00 p.m. The Finnish Financial Supervisory Authority has on November 19, 2009 approved the Share Exchange Offer Document and the listing particulars for the share exchange offer. The Finnish language Share Exchange Offer Document will be available on the internet at www.metso.com, www.tamfelt.fi and www.seb.fi starting on November 20, 2009, and at the reception of NASDAQ OMX Helsinki Ltd at Fabianinkatu 14, Helsinki, Finland, at the Group head office of Metso at Fabianinkatu 9 A, Helsinki, Finland, at the Tamfelt headquarters at Yrittäjänkatu 21, Tampere, Finland, and at the offices of Skandinaviska Enskilda Banken AB (publ) Helsinki Branch at Unioninkatu 30, Helsinki, Finland, starting on November 23, 2009. The Finnish language Share Exchange Offer Document can also be ordered by telephone at +358 20 484 3255 or by e-mail vaihtotarjous@metso.com. The terms and conditions of the share exchange offer are attached in their entirety to this stock exchange release (Attachment 1).

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