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Business organization in the M-real Group

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Business organization in the M-real Group


M-real purchases CN Papiervertriebs GmbH

In a deal that became effective today, 2 April 2002, M-real has acquired 85% of
the share capital of CN Papiervertriebs GmbH for 1.5 million euros. CN
Papiervertriebs GmbH, which operates in Germany, is a paper and printing
service company that serves publishers and retail chains (Paper Management
Company), and whose operations support M-real's Publishing business. 

Production at M-real's Silverdalen mill discontinued on 27 March 2002
Production at M-real's Silverdalen paper mill in Sweden has been discontinued
on 27 March 2002. 

The decision to close down operations at Silverdalen was taken because the mill
has made losses for several years, neither was it foreseeable that the mill
would become profitable even following the proposed significant investments. 

Kemiart Liners -organization realized
M-real Corporation, UPM-Kymmene Corporation, Metsäliitto Osuuskunta and Oy
Metsä-Botnia Ab have realized the spin off of the Kemiart Liners business
operation of Metsä-Botnia as of 1 April 2002, as was informed in their
announcement on 23 January 2002. The shareholding structure of Kemiart Liners
Oy is the same as that of Metsä-Botnia. The aim is to realize the final
decisions on the future strategy and shareholding structure of the Kemiart
Liners business operations by the end of 2004. 

Kemiart Liners is the world's leading producer of coated and uncoated
kraftliner. Kemiart Liner's annual board-producing capacity is 340,000 tonnes
and the mill employs about 150 people. 

M-REAL CORPORATION

Jouko M. Jaakkola
President & CEO

For additional information, please contact Jouko M. Jaakkola,
tel. +358 (0)10 469 4118 or GSM + 358 (0)50 2261.

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