M-REAL SUCCESSFULLY COMPLETES EUROBOND BENCHMARK ISSUE

M-real Corporation Stock Exchange Bulletin 29.3.2006 at 3.10 p.m.


M-REAL SUCCESSFULLY COMPLETES EUROBOND BENCHMARK ISSUE

The 7-year EUR 500 million benchmark Eurobond of M-real Corporation
rated Ba3 (negative)/BB- (negative) is now completed. The bond is due
1 April 2013 and pays a coupon of 7.25%. The issue price was 98.655
to give a yield of 7.50%.

The bond was issued to repay existing indebtedness under the
syndicated revolving credit facilities.

Joint Book-Running Lead Managers for this transaction were Barclays
Capital and Deutsche Bank. Co-managers were BNP Paribas and SEB
Merchant Banking.

M-REAL CORPORATION


Corporate Communications

For additional information contact Juhani Pöhö, Executive Vice
President and CFO, M-real Corporation tel. +358 10 469 5283 or Aapo
Nikunen, Managing Director, Metsä Group Financial Services tel. +358
10 469 4255







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