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2016-02-03

Metso Corporation: Metso's Nomination Board's proposal for the composition and remuneration of the Board of Directors

Metso's Nomination Board's proposal for the composition and remuneration of
the Board of Directors

Metso Corporation's stock exchange release on February 3, 2016 at 3:15 p.m.
local time
Proposal on the composition of Board of Directors

Metso Corporation's Nomination Board proposes to the next Annual General
Meeting, which will be held on March 21, 2016, that the number of members of
the Board of Directors will be seven and that Mikael Lilius, Christer
Gardell, Wilson Brumer, Ozey K. Horton, Jr., Lars Josefsson and Nina Kopola
will be re-elected as members of the Board of Directors and further that
Peter Carlsson will be elected as a new member. Mikael Lilius is proposed to
be re-elected as the Chairman of the Board of Directors and Christer Gardell
as the Vice-Chairman of the Board of Directors. Eeva Sipilä is not available
for re-election, because of her appointment as Metso's Chief Financial
Officer

Peter Carlsson (b. 1970) is M.Sc. (Economics, Production&Quality Control),
Swedish citizen and currently an angel investor, advisor and entrepreneur. He
is a member of the Boards of Directors of Ketra Lightning and Orbital
Systems. He is Executive Advisor to Elementum, Oden Technologies and Clean
Motion. In 2011-2015, Mr. Carlsson served as Vice President, Supply Chain of
Tesla Motors in California, the United States.

More information on the proposed Board members and independence assessment is
available on company's website at www.metso.com.

Proposal on Board of Directors' remuneration

The Nomination Board proposes to the General Meeting that the members of the
Board of Directors to be elected for a term of office ending at the end of
the Annual General Meeting of 2017 will be paid the same fixed annual
remuneration as in the previous term as follows: to the Chairman of the Board
of Directors EUR 110,000; to the Vice-Chairman of the Board of Directors EUR
62,000; to the other members of the Board of Directors EUR 50,000 each; to
the member of the Board of Directors to be elected in the position of
Chairman of the Audit Committee an additional remuneration of EUR 15,000; and
to the member of the Board of Directors to be elected in the position of
Chairman of the HR and Remuneration Committee an additional remuneration of
EUR 5,000. The Nomination Board proposes that the meeting fees remain the
same as in the previous term, that is, for each meeting of the Board of
Directors or the committees of the Board of Directors a fee of EUR 700 will
be paid to the members of the Board of Directors that reside in the Nordic
countries, a fee of EUR 1,400 will be paid to the members of the Board of
Directors that reside in other European countries and a fee of EUR 2,800 will
be paid to the members of the Board of Directors that reside outside Europe.
The Nomination Board furthermore proposes that, as a condition for the annual
remuneration, the members of the Board of Directors are obliged, directly
based on the General Meeting's decision, to use 40% of the fixed total annual
remuneration for purchasing Metso Corporation's shares from the market at a
price formed in public trading and that the purchase will be carried out
within two weeks from the publication of the interim review for the period
January 1, 2016 to March 31, 2016.

Metso's Board of Directors will include these proposals into the notice of the
Annual General Meeting of 2016.

Personnel participation

The Nomination Board notes that, also during the commencing term of office of
the Board of Directors, a personnel representative will participate as an
external expert in the meetings of the Board within the limitations imposed
by the Finnish law. The new Board of Directors will invite the personnel
representative as its external expert in its organizing meeting after the
Annual General Meeting of 2016.

The Nomination Board

The members the Nomination Board were Kari Järvinen (Managing Director,
Solidium Oy), Jonas Synnergren (Partner, Cevian Capital AB), Risto Murto
(President and CEO, Varma Mutual Pension Insurance Company), Mikko Mursula
(Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company) and
Mikael Lilius as an expert member in his capacity as the Chairman of the
Board of Directors of Metso Corporation.

Metso is the world's leading industrial company in the mining and aggregates
industries and in the flow control business. Our knowledge, people and
solutions help drive sustainable improvements in performance and
profitability in our customers' businesses.

Metso has an uncompromising attitude towards safety. Our products range from
mining and construction equipment and systems to industrial valves and
controls. Our solutions are delivered and supported by decades of process
knowledge and a broad scope of services backed by a global footprint of over
90 service centers, thousands of service employees, and an extensive
logistics network.

Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net
sales totaled EUR 3.7 billion. Metso employs approximately 13,000 industry
experts in more than 50 countries. Expect results.
www.metso.com,
www.twitter.com/metsogroup

Further information, please contact:

Kari Järvinen, Chairman of the Nomination Board, tel +358 10 830 8905

Metso Corporation

Harri Nikunen

CFO

Juha Rouhiainen

VP, Investor Relations

Distribution:

NASDAQ OMX Helsinki Ltd

Media

www.metso.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire

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