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EUROPEAN COMMISSION TO CLOSE INVESTIGATIONS INTO MAGAZINE PAPER

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M-real Corporation´s Stock Exchange Release of 16 November 2006


EUROPEAN COMMISSION TO CLOSE INVESTIGATIONS INTO MAGAZINE PAPER

The European Commission competition authority has today informed M-
real Corporation of its decision to close the investigations into
magazine paper. Investigations started in 2004. The commission
concluded their investigations concerning fine paper in August 2006.

All competition authority investigations regarding M-real are now
closed.


M-REAL CORPORATION

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