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M-REAL STREAMLINES ITS ORGANISATION

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M-real Corporation Stock Exchange Bulletin 12.6.2003 at 14.00

M-REAL STREAMLINES ITS ORGANISATION

The Board of Directors of M-real Corporation has decided on June 12,
2003 to change M-real’s organisation to strengthen customer focus and
improve operational efficiency in M-real.

M-real’s organisation comprises of Marketing & Sales, Operations and
corporate functions.

Executive Vice President Veli-Matti Mynttinen has been appointed as a
head of Marketing & Sales. Marketing & Sales organisation include
business areas and sales units. The business areas are:

- Cartons
- Graphics
- Offices
- Specialities

Senior Executive Vice President Aarre Metsävirta continues to lead
Operations. In addition to this responsibility he has been appointed
as the deputy CEO of M-real.

The corporate functions are Finance & Control, Corporate Strategy,
Corporate Services and Legal Affairs.

Senior Vice President Heikki Saarinen has been appointed as a CFO in
Finance & Control. He is also responsible of Investor Relations.
Saarinen previously held a position of Managing Director in Metsä
Finance. Senior Vice President Matti Mörsky, Business Development,
acts as a head of Corporate Strategy function. Corporate Services
function is responsible of human resources, communication and social
responsibility. Senior Vice President Ari Himma has been appointed as
a head of Corporate Services.

Seppo Tuomola, Senior Vice President, and Nina Kuulusa, Vice
President, continue to lead Legal Affairs.

Corporate Executive Board (CEB) consists of Jouko M. Jaakkola
(chairman), Aarre Metsävirta (vice chairman), Veli-Matti Mynttinen,
Heikki Saarinen and Ari Himma. Matti Mörsky, Seppo Tuomola, Nina
Kuulusa and Karl-Johan Lindborg, President & CEO of Map Merchant
Group, also report to President & CEO of M-real.

All above informed appointments are effective as of June 13, 2003.

M-REAL CORPORATION

Jouko M. Jaakkola
President & CEO

For further information, please contact:

Jouko M. Jaakkola, President and CEO, M-real Corporation, tel. +358
10 469 4118, mobile +358 50 2261

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