M-real and Myllykoski to reorganize their sales and marketing

M-real and Myllykoski to reorganize their sales and marketing

M-real Corporation and Myllykoski Corporation have decided to divide its
current joint sales and marketing organisation following six years of
successful co-operation within M-real alliance. Since the foundation of the
joint sales network in 1996, both companies have significantly increased their
respective sizes through acquisitions and internal growth. In addition, due to
the decreased joint production activities and EU competition regulations,
M-real and Myllykoski see the scope for joint marketing becoming more limited
in the future. The parties have therefore decided to terminate the co-operation
within M-real alliance. 

Actions to divide the current sales organization will start in March.

M-real's and Myllykoski's respective sales organizations will start operations
by the end of 2002. 

M-real and Myllykoski are fully committed to ensure that customer service
continues without interruptions or disturbances during the process. 

Detailed timetable for the organization of sales in each market area will be
communicated to customers by M-real alliance in March. 

Jouko M. Jaakkola, Carl G. Björnberg

For further information please contact:
Jouko M. Jaakkola, President & CEO, M-real Corporation,
tel. +358 1046 94118, gsm +358 50 2261

Carl G. Björnberg, President, Myllykoski Corporation,
tel. +358 9 348 9641