LABOUR DISPUTE IN FINLAND WEAKENS M-REAL?S SECOND QUARTER OPERATING
M-real Corporation Stock Exchange Bulletin 29.7.2005 at 1.00 p.m.LABOUR DISPUTE IN FINLAND WEAKENS M-REALS SECOND QUARTER OPERATINGRESULT In the second quarter M-real Groups operating result, excluding non-recurring items, fell to a loss of EUR 57 million from a profit ofEUR 30 million in the previous quarter. Compared with the previousquarter, the operating result was weakened mainly by the fall inpaperboard and coated magazine paper deliveries due to the labourdispute that disrupted the Finnish paper industry. Additionally, theoperating result was weakened by destocking as well