EUROPEAN COMMISSION TO CLOSE INVESTIGATIONS INTO MAGAZINE PAPER

M-real Corporation´s Stock Exchange Release of 16 November 2006

EUROPEAN COMMISSION TO CLOSE INVESTIGATIONS INTO MAGAZINE PAPER

The European Commission competition authority has today informed M-
real Corporation of its decision to close the investigations into
magazine paper. Investigations started in 2004. The commission
concluded their investigations concerning fine paper in August 2006.

All competition authority investigations regarding M-real are now
closed.


M-REAL CORPORATION

About Us

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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