HSE: M-REAL CORPORATION: CONVERSION OF A-SHARE INTO B-SHARE

EXCHANGE NOTICE 422/2005, 10 October 2005  SHARES

M-REAL CORPORATION: CONVERSION OF A-SHARE INTO B-SHARE

A total of 1 000 A shares converted into B shares will be
traded together with the B shares of M-real Corporation
as of
11 October 2005.

Identifiers:

M-real Corporation's A-share

Trading code:                        MRLAV
ISIN code:                           FI0009000640
Orderbook id:                        24306
Number of shares:                    36 339 550

M-real Corporation's B-share

Trading code:                        MRLBV
ISIN code:                           FI0009000665
Orderbook id:                        24307
Number of shares:                    291 826 062

HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance Finland

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.

Subscribe