NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA (THE "UNITED STATES")) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (EACH A "U.S. PERSON")) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

On May 19, 2025, Metso Corporation (the "Offeror") launched an invitation to the holders of its outstanding EUR 300,000,000 4.875 per cent. Notes due 2027 (ISIN: XS2560415965; Common Code: 256041596) (the "Notes") to tender their Notes for purchase by the Offeror for cash up to EUR 130,000,000 in aggregate nominal amount of the Notes (the "Offer").

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the tender offer memorandum dated May 19, 2025 (the "Tender Offer Memorandum") relating to the Offer.

The Offer expired at 4:00 p.m. (London time) on May 27, 2025 and no further Notes can be tendered for purchase. As at the Expiration Deadline, an aggregate nominal amount of EUR 142,431,000 of the Notes had been validly tendered pursuant to the Offer.

The Offeror has decided to accept for purchase EUR 129,994,000 in aggregate nominal amount of Notes validly tendered pursuant to the Offer, subject to proration in accordance with the terms of the Tender Offer Memorandum with a Proration Factor of approximately 88.395 per cent.

The issue of the EUR 300,000,000 3.750 per cent. Senior Unsecured Notes due 2032 by the Offeror under its EUR 2,000,000,000 Euro Medium Term Note Programme was completed on May 28, 2025 and the New Issue Condition has therefore been satisfied.

Accordingly, the results of the Offer are as follows:

Notes:

(1)                            As at the date of the Tender Offer Memorandum.

The Settlement Date for the Offer will be May 30, 2025.

Following the Settlement Date, the Notes repurchased by the Offeror pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Notes not repurchased pursuant to the Offer will remain outstanding.

The Offeror will also pay the Accrued Interest Payment in respect of all Notes accepted for purchase on the Settlement Date.

Further information, please contact:

Mikko Vainikka, Vice President Group Treasury
Metso Corporation
tel. +358 40 584 9695
mikko.vainikka@metso.com

Distribution:

Nasdaq Helsinki Ltd

Main media

www.metso.com

Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers' energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.

Metso is headquartered in Espoo, Finland. At the end of 2024 Metso had close to 17,000 employees in around 50 countries, and sales in 2024 were about EUR 4.9 billion. Metso is listed on the Nasdaq Helsinki.

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