Metso's four biggest registered shareholders on November 1st 2010 ie Solidium Oy, Cevian Capital II Master Fund LP, Varma Mutual Pension Insurance Company and Ilmarinen Mutual Pension Insurance Company have named the following persons as their representatives for Metso's Nomination Board:

Kari Järvinen, Managing Director (Solidium Oy)
Lars Förberg, Managing Partner (Cevian Capital)
Matti Vuoria, managing director, president and CEO (Varma Mutual Pension Insurance Company)
Harri Sailas president and CEO (Ilmarinen Mutual Pension Insurance Company).

Jukka Viinanen chairman of Metso's Board of Directors serves as the Nomination Board’s expert member. The Nomination Board will elect a chairman from among its members in its organizing meeting.

Metso's Nomination Board, established by the Annual General Meeting, prepares proposals on the composition of the Board of Directors along with the director remuneration for the next Annual General Meeting, which is tentatively scheduled for March 30th 2011.