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

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01/11/2008
M-real Corporation Press Release 1 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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