ARBITRAL AWARD ON THE REDEMPTION OF MINO


M-real Corporation Stock Exchange Bulletin 24.6.2003 at 13.30

ARBITRAL AWARD ON THE REDEMPTION OF MINORITY SHARES IN METSÄ TISSUE
COPRORATION

The Arbitral Tribunal appointed by the Central Chamber of Commerce
has on June 24.6.2003 confirmed in its arbitral award that the
redemption price of the minority shares in Metsä Tissue Corporation
is EUR 12,30 per share. The redemption price will be paid to the
minority shareholders of Metsä Tissue Corporation as soon as possible
after the arbitral award has gained legal force.




M-REAL CORPORATION

For further information:

Veli-Matti Mynttinen, Executive Vice President, Marketing & Sales, M-
real Corporation, tel. +358 10 469 4655, Mobile +358 50 2895

About Us

Metsä Boardwww.metsaboard.com Metsä Board is a leading European producer of premium fresh fibre paperboards and forerunner in sustainability. We produce premium lightweight folding boxboards, food service boards and white kraftliners for consumer goods packaging 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. We aim for completely fossil-free mills and raw materials by 2030. The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2019, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

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