*M-REAL CORPORATION MERGING OF THE NEW SHARES

EXCHANGE NOTICE 375/2004, 6 October 2004  SHARES
M-REAL CORPORATION MERGING OF THE NEW SHARES

In the rights issue of M-real Corporation the 148 633 415
new B shares subscribed on the basis of primary
subscription right will be traded on the Helsinki Stock
Exchange´s Main List as old shares as of 7 October 2004.

The last trading day of the new shares (MRLBVN0104)
will be 6 October 2004.


Identifiers:
Trading code:                       MRLBV 
ISIN code:                          FI0009000665
Orderbook id:                       24307
Amount:                             291 292 290
Trading ends:

Trading code:                       MRLBVN0104
ISIN code:                          FI0009012868
Orderbook id:                       27107
Last trading day:                   6.10.2004


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance Finland

Presuming that the change will be entered into the Trade
Register 7 October 2004.

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 2017, the company’s sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

Subscribe