M-REAL WILL LAUNCH A ?500 MILLION EUROBOND ISSUE

M-real Corporation Stock Exchange Bulletin 16.3.2006 at 4 p.m.

M-REAL WILL LAUNCH A €500 MILLION EUROBOND ISSUE

M-real Corporation (Ba3/BB-) has mandated Barclays Capital and
Deutsche Bank as joint-bookrunners on a 7-year €500 million Eurobond
issue. The offering will be launched in the near term subject to
market conditions.

M-REAL CORPORATION

Corporate Communications


For additional information contact Juhani Pöhö, Executive Vice
President and CFO, tel. +358 10 469 5283 or Aapo Nikunen, Managing
Director, Metsä Group Financial Services, tel. +358 10469 4255


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