M-REAL TO CLOSE THE PRESENT MARKET PULP



M-real Corporation Stock Exchange Bulletin 10.10.2003 at 14.00

M-REAL TO CLOSE THE PRESENT MARKET PULP BUSINESS AT THE LIELAHTI CTMP
MILL AND TO START RATIONALISATION NEGOTIATIONS

M-real will close its present market pulp business at the Lielahti
CTMP (chemi-thermo mechanical pulp) mill and will use the entire
production of the Lielahti CTMP mill in its own paperboard
manufacture at the Tako Board Mill.

Accordingly, M-real will start rationalisation negotiations with
personnel representatives concerning combining of the Lielahti CTMP
mill’s operations with those of the Tako Board Mill in Tampere.

This will mean winding up the operations of the Lielahti debarking
plant and the production equipment required in the manufacture of
fluff pulp in 2004. At the same time, the operation of the Lielahti
power plant will undergo a changeover because bark fuel will no
longer be available at Lielahti. The fiberline and drying machine
will remain in operation at the CTMP mill.

The negotiations concern the entire personnel. The estimated staff
reduction requirement is about 90 employees.

The mill has a present annual capacity of 100,000 tonnes. At present
the mill employs 150 people.

M-REAL CORPORATION


Aarre Metsävirta
Senior Executive Vice President


For additional information, contact:

Lasse Wikström, Mill Manager, tel. +358 50 307 1792
Jukka Kettunen, Vice President, Technology, tel. +358 50 598 8506


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