Metso Annual General Meeting decided on March 30, 2011 to establish a Nomination Board to prepare proposals on members of the Board of Directors and their remuneration for the next Annual General Meeting which is planned to be held on March 29, 2012. The representatives of the four largest shareholders registered in Metso shareholder register as of October 1, 2011 are elected to the Nomination Board along with the Chairman of the Board of Directors Jukka Viinanen as an expert member.

According to the shareholders register, Metso Corporation four largest shareholders on October 1, 2011 were:
1. Solidium Oy
2. Cevian Capital II Master Fund LP
3. Ilmarinen Mutual Pension Insurance Company
4. Varma Mutual Pension Insurance Company

These shareholders have named the following persons as their representatives for Metso's Nomination Board:
1. Kari Järvinen, Managing Director
2. Lars Förberg, Managing Partner
3. Harri Sailas, President and CEO
4. Matti Vuoria, Managing Director, President and CEO

Mr Kari Järvinen has been elected the Chairman of the Nomination Board.