HELSINKI, Finland, July 18, 2001 (PRIMEZONE) -- Metso Corporation (NYSE:MX) has been informed that the holding of the funds managed by The Capital Group Companies, Inc. (taxpayer I.D. 86-0206507) has exceeded 5 percent of the paid up share capital of Metso Corporation on July 16, 2001.
With reference to Section 2, paragraph 9 of the Finnish Securities Market Act and the relevant decision of the Finnish Ministry of Finance, Metso Corporation is reporting that the funds managed by The Capital Group Companies, Inc. owned Metso's shares as of July 16, 2001 is as follows:
Capital International Limited 0.40 % Capital Guardian Trust Company 0.10 % Capital International, S.A. 0.01 % Capital Research and Management Company 4.68 %
This holding amounts to 5.21 percent of the paid up share capital and the total votes of Metso Corporation.
Metso Corporation is a global supplier of process industry machinery and systems. Metso's core businesses are divided between Metso Paper (fiber and paper technology), Metso Minerals (rock and mineral processing) and Metso Automation (automation and control technology). In 2000, the net sales of Metso Corporation were EUR 3.9 billion, and the personnel totaled approximately 22,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.