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Tamfelt is part of Metso Group

Metso Corporation ("Metso") currently holds 98 percent of all the shares and votes in Tamfelt Corp. ("Tamfelt"). Metso has initiated the redemption proceedings in order to acquire the remaining shares in Tamfelt. Below all the releases relating to the combination and stock exchange offer during November 5, 2009 - January 4, 2010.

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Metso and Tamfelt have on November 5, 2009 signed a combination agreement, whereby Metso and Tamfelt will combine their operations. Metso has made an exchange offer for all of the issued and outstanding shares and stock options in Tamfelt. Metso offers Tamfelt's shareholders three (3) new shares in Metso for each ten (10) Tamfelt shares. The offer period commences on November 23, 2009 and is expected to expire on or about December 18, 2009.

Further information about the exchange offer from +358 20 484 3255 (service in Finnish and Swedish)

Disclaimer: This material may not be released or otherwise distributed, in whole or in part, in or into Australia, Canada, Japan, New Zealand, South Africa or the United States. This release is not a tender offer document and as such does not constitute an offer or invitation to make a sales offer. Investors shall accept the Share Exchange Offer for the shares and the offer for the Stock Options only on the basis of the information provided in a share exchange offer document. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any share exchange offer document or registration or other requirements would apply in addition to those undertaken in Finland.

The share exchange offer document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or from any jurisdiction where prohibited by applicable law. In particular, the Share Exchange Offer or the offer for the Stock Options is not being made, directly or indirectly, in or into, or by use of the postal service of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone or the Internet) of interstate or foreign commerce of, or any facilities of a national securities exchange of, Australia, Canada, Japan, New Zealand, South Africa or the United States. The Share Exchange Offer or offer for the Stock Options cannot be accepted by any such use, means or instrumentality or from within Australia, Canada, Japan, New Zealand, South Africa or the United States.

Offer brochure in Finnish(pdf)
Offer brochure in Swedish(pdf)

www.metso.com/tamfelt

Calendar:

5.11.2009 Metso's announcement of the share exchange offer

9.11.2009

Statement from Tamfelt Board of Directors about the offer

20.11.2009

Offer prospectus published on Metso's web site

23.11.2009

Offer period begins

18.12.2009*    

Offer period expires

21.12.2009*

Preliminary results of the exchange offer announced

23.12.2009*


Final results of the exchange offer announced
Execution of the share exchange and stock option transactions
Payment of the stock option consideration


28.12.2009*

New Metso shares delivered to the book-entry accounts

29.12.2009*

Trading of new shares begins

7.1.2010*

Sale of possible fractional Metso shares and payment of proceeds

* expected date

Releated stock exchange releases:

January 4, 2010: Notification of redemption right and obligation

December 28, 2009: New Metso shares registered with the trade register

December 23, 2009: Final result of Metso Corporation's share exchange offer for all issued and outstanding shares and stock options of Tamfelt Corp.

December 22, 2009: Tamfelt Corp.'s amendment to the Article of Association and new Board of Directors entered into the Trade Register

December 21, 2009: Preliminary result of Metso Corporation's share exchange offer

December 17, 2009: Metso has received all required approvals or permissions from the competition authorities for the share exchange offer

December 1, 2009: Decisions by the Extraordinary General Meeting

November 20, 2009: Metso Corporation's exchange offer for all shares and options rights of Tamfelt Corp. begins on November 23, 2009

November 9, 2009: Notice To Extraordinary General Meeting. Information on the proposals for the meeting please click here.

November  9,2009: Statement of the Board of Directors of Tamfelt Corp. in relation to the announced public tender offer by Metso Corporation for the shares and stock options of Tamfelt Corp.

November 5, 2009: Tamfelt and Metso enter into a Combination Agreement; Share Exchange Offer for all of Tamfelt's shares

Tamfelt
Tamfelt is a world-leading supplier of technical textiles. The company's main products are clothing products for the paper and pulp as well as mining and chemical industries. The Group employs about 1,350 people and its net sales in 2008 were 165 million euro. Founded in 1797, the company is one of the pioneers of Finnish industry. www.tamfelt.com

Metso
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 26,500 employees in more than 50 countries. www.metso.com


Last modified: 16.2.2010




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