THE RESULT OF M-REAL?S REDEMPTION OFFER



M-real Corporation Stock Exchange Bulletin 20.3.2003 at 9.15

THE RESULT OF M-REAL’S REDEMPTION OFFER

M-real Corporation’s redemption offer made through its subsidiary M-
real Tissue Oy for all the remaining shares and warrants of Metsä
Tissue Corporation expired on March 17, 2003. Through the redemption
offer M-real Tissue has redeemed a total of 548 257 shares of Metsä
Tissue. Together with the shares purchased from the market M-real and
M-real Tissue together hold 29 811 692 shares in Metsä Tissue
representing approximately 99,9 percent of all the shares and votes
in Metsä Tissue. 966 000 warrants (ie all outstanding warrants)
subject to the redemption offer have been redeemed.

M-real has launched a redemption procedure in accordance with the
Companies Act in order to redeem the shares of the remaining
shareholders in Metsä Tissue.


M-REAL CORPORATION

Veli-Matti Mynttinen
Executive Vice President & CFO

For more information, please contact:

Veli-Matti Mynttinen, Executive Vice President & CFO, M-real
Corporation, tel. +358 10469 4655, Mobile +358 50 2895
     




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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