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HANNU ANTTILA COMMENTS THE PROFITABILITY

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M-real Corporation Stock Exchange Bulletin 7.9.2004 at 12.30 a.m.

HANNU ANTTILA COMMENTS THE PROFITABILITY OF M-REAL

Chief Operating Officer Hannu Anttila commented on M-real´s
profitability in the company´s Extraordinary General Meeting of 6
September, 2004.

According to the comment, M-real´s result will remain in the red this
year, but will possibly turn to profit in 2005, provided the demand
for paper will continue to revive, the announced paper price
increases will go through, the savings and efficiency improvement
programme will succeed and the rights offering will be implemented as
planned.

M-REAL CORPORATION


Corporate Communications


For additional information, contact Hannu Anttila, M-real´s Chief
Operating Officer and President and CEO as from 1 January, tel. +358
10 4694 343, +358 50 2398 mobile

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