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M-REAL´S CREDIT RATING ON CREDITWATCH

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M-real Corporation Stock Exchange Bulletin 30.6.2006 at 6.20 p.m.


Standard & Poor’s Rating Services has today placed M-real
Corporation’s credit rating on CreditWatch with negative
implications.

M-real´s current Standard & Poor’s rating is BB-, negative outlook.


M-REAL CORPORATION


Corporate communications


For further information please contact Aapo Nikunen, Managing
Director, Metsä Group Financial Services, tel. +358 500 848 116

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