M-REAL?S EUR 400 MILLION EUROBOND SUBSCRIBED

M-real Corporation Stock Exchange Bulletin 1.12.2006

M-REAL’S EUR 400 MILLION EUROBOND SUBSCRIBED

M-real’s EUR 400 million 4-year floating rate Eurobond, issued for
refinancing the company’s existing loans, has been fully subscribed.
The confirmed interest rate of the bond is 3-month Euribor plus
3.625%. The bond will be issued on 7 December 2006 and it will mature
on 15 December 2010. The lead managers for the bond issue are
Deutsche Bank and BNP Paribas and the co-managers Nordea and
UniCredit Group (HVB).

M-REAL CORPORATION

For more information:
Seppo Parvi, CFO, tel. +358 10 469 4321


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