Approvals for the combination of Metso Minerals and Outotec

Metso Corporation (“Metso”) and Outotec Oyj (“Outotec”) have received the remaining outstanding competition clearances for the combination of Metso’s Minerals business with Outotec through a partial demerger of Metso (the “Combination”).

Having received all the required regulatory and other approvals, including competition clearances, the regulatory condition for the completion of the Combination has now been fully satisfied. In line with previous announcements, the completion of the Combination is expected to take place on June 30, 2020.

Upon the completion of the Combination, Metso will be renamed as Neles Corporation and it will be a separately listed entity focused on flow control.

METSO CORPORATION

www.metso.com

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