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M-REAL?S SHAREHOLDING IN METSÄ TISSUE EX

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M-real Corporation Stock Exchange Bulletin, 20.1.2003 at 17.30


M-REAL’S SHAREHOLDING IN METSÄ TISSUE EXCEEDS 90 PERCENT

M-real Group’s shareholding in Metsä Tissue Corporation has today
exceeded 90 percent of all the shares in the company. 

According to the Finnish Companies Act, M-real has thus a right of
redemption to the rest of Metsä Tissue shares. M-real intends to
commence the redemption procedure under the Companies Act as soon as
it is practicable.

Through its full ownership, M-real’s intention is to facilitate the
further development of Metsä Tissue in accordance with the company’s
own objectives and with possible other partners. M-real’s intention is
that Metsä Tissue will apply for de-listing of its shares from the
Helsinki Exchanges at the latest after M-real has gained title to all
the shares of Metsä Tissue.



M-REAL CORPORATION

Veli-Matti Mynttinen
Executive Vice President & CFO


For more information, please contact:

Jouko M. Jaakkola, President & CEO, M-real Corporation
tel. +358 10469 4118, Mobile +358 50 2261

Veli-Matti Mynttinen, Executive Vice President & CFO, M-real
Corporation, tel. +358 10469 4655, Mobile +358 50 2895

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