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Moody's Investors Service upgrades M-real's credit rating

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M-real Corporation Stock Exchange Release on 1 September 2010 at 13.30

Moody's Investors Service upgrades M-real's credit rating

Moody's Investors Service has today upgraded M-real Corporation's Caa1 rating
to B3. The rating outlook was changed to positive. 

Upgrade has a positive impact of approximately EUR 1 million on M-real's annual
financing costs. 

M-REAL CORPORATION

Further information:
Matti Mörsky, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10
465 4335

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