Metso Paper streamlines its structure an

Metso Corp.  Stock Exchange Release March 4, 2004 at 12.00 p.m.

Metso Paper streamlines its structure and increases customer and
regional orientation

Metso Paper streamlines its operating structure. The target is to
strengthen the resources in customer relationship management and
increase the speed and efficiency of Metso Paper's and its business
lines' strategy implementation both globally and regionally.

As of April 1, 2004 Metso Paper will be organized into four business
lines, which will be responsible for product units as well as the
entire life cycle of customers' processes covering new processes,
rebuilds and aftermarket services. The following appointments have
been made in the business lines:

- Paper business line, headed by Hannu Mälkiä,
- Board business line, headed by Kari Kalliala, who most recently has
worked for Jaakko Pöyry Group. He will start in his new position
already on March 8, 2004.
- Tissue business line, headed by Marco Marcheggiani, and
- Fiber business line, headed by Arto Aaltonen.

In addition the following appointments have been made for Metso
Paper's main market areas:

- Asia-Pacific, headed by Kaj Lindroos,
- Europe, headed by Arto Aaltonen,
- North America, headed by Jukka Tiitinen, and
- South America, headed by Hannu Hakamäki.

The Area Presidents will be responsible for the implementation of the
strategies of Metso Paper and its business lines within their areas.

Both the Business Line Presidents and the Area Presidents will report
to Bertel Karlstedt, President of Metso Paper.

Metso Corporation is a global supplier of process industry machinery
and systems, as well as know-how and aftermarket services. The
Corporation's core businesses are fiber and paper technology (Metso
Paper), rock and mineral processing (Metso Minerals) and automation
and control technology (Metso Automation). In 2003, the net sales of
Metso Corporation were EUR 4.3 billion and the personnel totaled
approximately 27,400. Metso Corporation is listed on the Helsinki and
New York Stock Exchanges.

For further information please contact:
Bertel Karlstedt, President, Metso Paper, tel. +358 204 84 3277
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 204 84

Metso Corporation

Olli Vaartimo                       Helena Aatinen
Executive Vice President and CFO    Senior Vice President
                                    Corporate Communications

Helsinki Exchanges
New York Stock Exchange

About Us

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso employs over 14,000 people in more than 50 countries.