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Metso's Nomination Board's proposal for the composition and remuneration of the Board of Directors

HELSINKI, FINLAND -- (Marketwire) -- 01/11/13 -- Metso Corporation's stock exchange release on January 11, 2013 at 11.00 a.m. local time

The Nomination Board established by Metso's Annual General Meeting proposes to the next Annual General Meeting, which is planned to be held on March 28, 2013, that the number of Board of Directors members is eight.

Proposal for the composition of Board of Directors

The Nomination Board proposes to the Annual General Meeting that Jukka Viinanen, Mikael von Frenckell, Christer Gardell, Ozey K. Horton, Jr., Erkki Pehu-Lehtonen, Pia Rudengren and Eeva Sipilä would be re-elected as members of the Board of Directors. It is proposed to elect Jukka Viinanen as Chairman of the Board of Directors and Mikael von Frenckell as Vice-Chairman of the Board of Directors.

In addition, the Nomination Board proposes to elect Mikael Lilius as a new member of the Board of Directors.

Mikael Lilius, B.Sc. (Econ), born 1949, is the Chairman of the Board of Directors of Wärtsilä Corporation since 2011 (Board member since 2010), the Chairman of the Board of Directors of Huhtamäki Oyj since 2005 (Board member 1999-2004), the Chairman of the Board of Directors of AMBEA AB since 2011 and a member of the Board of Directors of Aker Solutions A/S since 2009 and Evli Bank Ltd since 2010. Mr. Lilius has been the President and CEO of Fortum Oyj in 2000-2009, the President and CEO of Gambro AB in 1998-2000, the President and CEO of Incentive AB in 1991-1998, the President and CEO of KF Industri AB (Nordico) in 1989-1991 and worked in various management positions in Huhtamäki Oyj during the period 1981- 1989 such as the President of the Packing Division of Huhtamäki in 1986-1989.

Proposal on Board of Directors' remuneration

The Nomination Board proposes to the Annual 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 2014 would be paid the following annual remuneration: Chairman of the Board of Directors EUR 100,000; Vice-Chairman of the Board of Directors and the Chairman of the Audit Committee EUR 60,000; and 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 its committees a fee of EUR 700 would be paid to the members of the Board that reside in the Nordic countries, a fee of EUR 1,400 would be paid to the members of the Board that reside in other European countries and a fee of EUR 2,800 would be paid to the members of the Board that reside outside Europe. The Nomination Board 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, 2013 to March 31, 2013.

Metso's Board of Directors will include these proposals into the notice of the Annual General Meeting, which will be published later.

Personnel participation

The Nomination Board notes that a personnel representative will participate as an external expert in the Metso Board meetings also in the next Board term within the limitations imposed by the Finnish law. The new Board of Directors will invite the personnel representative as its external expert in its organizing meeting after the Annual General Meeting.


The Nomination Board

Kari Järvinen (Managing director, Solidium Oy) acted as the Chairman of the Nomination Board established by Metso's Annual General Meeting. The members of the Nomination Board were Lars Förberg (Managing Partner, Cevian Capital), Harri Sailas (President and CEO, Ilmarinen Mutual Pension Insurance Company) and Matti Vuoria (President and CEO, Varma Mutual Pension Insurance Company). The Chairman of Metso Corporation's Board of Directors, Jukka Viinanen, served as the Nomination Board's expert member.


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 deliver sustainability and profitability to customers worldwide. Expect results.

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

Metso Corporation

Harri Nikunen

CFO

Juha Rouhiainen

VP, Investor Relations

Distribution:

NASDAQ OMX Helsinki Ltd

Media

www.metso.com

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters 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 Thomson Reuters ONE

[HUG#1669773]

For further information, please contact:

Aleksanteri Lebedeff
Senior Vice President
General Counsel
tel. +358 20 484 3240

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