M-real has repurchased own 2010 bonds

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M-real Corporation Stock Exchange Release 12 March 2009

M-real Corporation has repurchased from the market its own EUR 400
million senior floating rate notes (ISIN XS0276828042) in the total
par value of EUR 42 million. The loan matures on 15 December, 2010.
The repurchased loan notes exceed 10 per cent of the total par value
of the bond. The repurchased loan notes will be cancelled.

M-real will book approximately EUR 22 million as a non-recurring gain
from the implemented bond repurchases in the first quarter of 2009.

M-REAL CORPORATION

Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, VP, IR and Communications, tel. +358 10 465 4335

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