NOTICE PURSUANT TO THE SECURITIES MARKET ACT, CHAPTER 2, SECTION 10: CAPITAL GROUP´S HOLDINGS IN M-R

M-real Corporation Stock Exchange Announcement 20 October 2004 at
1.45 p.m.

NOTICE PURSUANT TO THE SECURITIES MARKET ACT, CHAPTER 2, SECTION
10: CAPITAL GROUP´S HOLDINGS IN M-REAL CORPORATION

According to the information received by M-real Corporation, the
holding of The Capital Group Companies, Inc. has on 18 October
2004 decreased to 3.54 percent of the share capital and to 1.14
percent of the voting rights. The Capital Group Companies own in
total 11, 604, 233 M-real´s B-shares.

The Capital Group Companies, Inc. (CGC) is a holding company for
several subsidiary companies engaged investment management
activities.

M-REAL CORPORATION

Corporate Communications

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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