Metsäliitto's management is investing in M-real's shares

Metsäliitto Group Stock Exchange Release 10 August 2010 at 10

The Board of Directors of Metsäliitto Cooperative has decided to finance the
holding company of Metsäliitto Group's Executive Management in a system whose
purpose is to encourage members of the Executive Management to acquire and own
M-real Corporation's shares and, through this, to increase the shareholder
value of Metsäliitto Group over the long term and support the achievement of
the Group's strategic objectives. Through the system, the management personally
invest a considerable amount of their own funds in M-real's B shares. The
management persons finance their investment partly themselves and partly
through loans from Metsäliitto Cooperative. The management shoulder themselves
the ownership risk for the investment they make in the system. 

For the shareholdings, members of the Executive Management acquire a company
entitled Metsäliitto Management Oy, whose entire stock they own. The purpose of
Metsäliitto Management is to acquire M-real's B shares from the market or
members of the Executive Management at market prices. The share acquisitions
are financed through a capital input of about EUR 3,850,000 in Metsäliitto
Management by members of the Executive Management and through a loan of up to
EUR 15,400,000 taken out from Metsäliitto Cooperative. Some of the members of
the Executive Management finance their capital input in Metsäliitto Management
by selling M-real's B shares they own to Metsäliitto Management or to the
market. 

As part of the system, Metsäliitto's Board of Directors has decided to give an
interest-bearing loan of up to EUR 15,400,000 to finance the acquisition of
M-real's B shares. The loan will be repaid in its entirety by 31 March 2014. If
the validity of the system will be continued one year at a time in 2013, 2014,
2015 or 2016, the loan period will be extended correspondingly. Metsäliitto
Management has the right to repay the loan prematurely at any time. Metsäliitto
Management is obligated to repay the loan prematurely by selling M-real's
shares held by it if the stock exchange price of M-real Corporation's B share
otherwise than temporarily exceeds a certain level defined in the system. 

The system remains in force until the end of 2013 and beginning of 2014, at
which time the intention is to dismantle the system in a manner to be decided
later. The system will be extended one year at a time if, in October-November
2013, 2014, 2015 or 2016, the stock exchange price of M-real's B share is lower
than the average price at which Metsäliitto Management acquired M-real's B
shares it owns. 

The assignment of M-real's B shares owned by Metsäliitto Management is
restricted during the validity of the system. As a rule, the ownership of
members of the Executive Management in Metsäliitto Management remains in force
until the dismantling of the system. 


METSÄLIITTO COOPERATIVE



Further information: 
Martti Asunta, Chairman of the Board of Directors, tel. +358 40 829 93 93