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M-REAL AIMS TO SELL PRICE & PIERCE TO GO

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M-real Corporation Stock Exchange Bulletin 6.8.2004 at 8.00 a.m.

M-REAL AIMS TO SELL PRICE & PIERCE TO GOULD PAPER

M-real Corporation has signed a Letter of Intent to sell Price &
Price Group to Gould Paper Corporation. It is anticipated that the
transaction will be completed by the end of September 2004.

M-real acquired Price & Pierce Group in 1998. It is a trading house
specialized in paperboard, paper and pulp trading operations. The
estimated net sales of Price & Pierce Group in 2004 are EUR 100
million.

The intended sale is part of M-real´s action plan to divest its non-
core assets. According to current estimate, the planned transaction
will not have material financial impact to M-real.

M-REAL CORPORATION


Corporate communications


For additional information, contact Senior Vice President and CFO
Juhani Pöhö, tel. +358 10 469 5283

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