CORRECTION: M-REAL TO ISSUE A EUROBOND

M-real Corporation Stock Exchange Bulletin 23.11.2006

CORRECTION: M-REAL TO ISSUE A EUROBOND

M-real will issue a EUR 400 million 4-year Eurobond to Finnish and
international investors. The lead managers for this transaction are
Deutsche Bank and BNP Paribas.

M-REAL CORPORATION

For more information:
Seppo Parvi, CFO, M-real, tel. +358 10 469 4321


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, CANADA OR JAPAN.

THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF
AMERICA, CANADA OR JAPAN. THE MATERIALS DO NOT CONSTITUTE AN OFFER OF
SECURITIES FOR SALE IN THE UNITED STATES, NOR MAY THE SECURITIES BE
OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM REGISTRATION AS PROVIDED IN THE U.S. SECURITIES ACT OF
1933, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER. THERE IS
NO INTENTION TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED
STATES OR TO CONDUCT A PUBLIE OFFERING OF SHARES IN THE UNITED
STATES.

THE INFORMATION CONTAINED HEREIN SHALL NOT CONSTITUTE AN OFFER TO
SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALLTHERE BE ANY
SALE OF THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION IN
WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO
REGISTRATION, EXEMPTION FROM REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.