Annual information 2006

This list collects the stock exchange bulletins and announcements
that have been published by M-real in 2006. The documents listed
below can be obtained from the website www.m-real.com
Financial information

08.02.2006                  Financial results for 2005
27.04.2006                  Interim report January - March
27.07.2006                  Interim report January - June
25.10.2006                  Interim report January - September

Stock Exchange Bulletins

15.12.2006                  M-real to close its mill in
Sittingbourne

15.12.2006                  M-real reorganises its management

01.12.2006                  M-real's EUR 400 million Eurobond
subscribed

23.11.2006                  M-real to issue a Eurobond

16.11.2006                  European Commission to close
investigations into magazine paper

15.11.2006                  M-real Corporation asks UPM-Kymmene for
further clarifications necessary in order to
                                  consider the offer for
Metsä-Botnia's shares

09.11.2006                  M-real's competitor UPM seeks control of
M-real's strategic pulp supplier

25.10.2006                  M-real's third-quarter result before
taxes improved

18.10.2006                  M-real initiates extensive restructuring
programme

18.10.2006                  Mikko Helander new CEO for M-real

09.08.2006                  European Commission closed their fine
paper investigation

04.08.2006                  Standard & Poor's downgraded M-real's
credit rating

27.07.2006                  M-real appoints Gregory Gettinger
Executive Vice President of Publishing business area

27.07.2006                  M-real's second quarter result before
taxes negative

07.07.2006                  Moody's downgrades M-real's credit
rating

30.06.2006                  M-real's credit rating on CreditWatch

30.06.2006                  M-real Corporation estimates the second
quarter result excluding non-recurring items
                                  clearly weaker than expected

30.06.2006                  M-real sells the unprofitable Pont Sainte
Maxence mill

19.06.2006                  M-real appoints new CFO

24.05.2006                  Investment and maintenance shutdowns and
non-recurring costs will weaken M-real's result
                                  for the second quarter of 2006

15.05.2006                  Strike shuts down production in M-real's
Finnish mills

27.04.2006                  Positive result before taxes for M-real's
first quarter

29.03.2006                  M-real successfully completes Eurobond
benchmark issue

16.03.2006                  M-real will launch a EUR 500 million
Eurobond issue

13.03.2006                  Resolutions of M-real's Annual General
Meeting

28.02.2006                  Moody's downgrades M-real's credit
rating

08.02.2006                  Standard & Poor's downgraded M-real's
credit rating

08.02.2006                  Labour dispute in Finland weakened
M-real's profitability in 2005

11.01.2006                  M-real Corporation's fourth quarter
result weaker than expected mainly due to EUR 40
                                  million non-recurring expenses

Stock Exchange Announcements

24.11.2006                  Changes to the Financial Reporting dates
announced 26.10.2006

10.11.2006                  M-real appoints Mika Joukio Executive
Vice President and head of the Consumer Packaging
                                  business area

26.10.2006                  M-real Corporation's financial reporting
in 2007

18.10.2006                  Invitation to M-real teleconference on 18
October, 2006

13.10.2006                  Invitation to teleconference on 25
October, 2006

29.09.2006                  M-real and Kyro reach agreement
concerning the Kyröskoski Power Plant

24.08.2006                  Notice pursuant to the Securities Market
Act, chapter 2, section 10: Shareholding of Hermes
                                  Focus Asset Management Europe Ltd.
in M-real Corporation has increased

14.07.2006                  Invitation to teleconference on 27 July,
2006

12.04.2006                  Invitation to teleconference on 27 April,
2006

13.03.2006                  The resolutions of M-real's Board of
Directors organising meeting

08.03.2006                  Notice pursuant to the securities market
act, chapter 2, section 10: Shareholding of Varma
                                  Mutual Pension Insurance Company in
M-real Corporation has increased

08.02.2006                  Notice of Annual General Meeting

17.01.2006                  Invitation to teleconference on 8
February, 2006

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Metsä Boardwww.metsaboard.com Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests. The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2016, the company’s sales totalled EUR 1.7 billion, and it has approximately 2,500 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

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