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EU clearance for sale of M-real's Graphic Papers business

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M-real Corporation Stock Exchange Release 3 November 2008

On 29 September 2008, M-real announced the sale of its Graphic Papers
business to South African Sappi Limited for EUR 750 million. The sale
is subject to the approvals by the Sappi shareholders' meeting and
the competition authorities, as well as the implementation of Sappi's
planned rights offering.

The EU competition authorities have on 31 October 2008 approved the
transaction. Also the US competition authorities have approved the
transaction.

The Sappi extraordinary shareholders' meeting will be held on 3
November 2008 to consider the transaction, after which Sappi's aim is
to implement the planned rights offering. The sale is expected to be
completed after the implementation of the rights offering during the
first quarter of 2009 at the latest.

M-REAL CORPORATION

Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, VP, IR and Communications, +358 10 465 4335




                                            

                

            

        

    

    



    

        
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