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SHAREHOLDING OF FRANKLIN TEMPLETON GROUP IN M-REAL CORPORATION HAS

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M-real Corporation Stock Exchange Announcement 10 May 2005 at 11.00
a.m.


NOTICE PURSUANT TO THE SECURITIES MARKET ACT, CHAPTER 2, SECTION 10:
SHAREHOLDING OF FRANKLIN TEMPLETON GROUP IN M-REAL CORPORATION HAS
DECREASED

According to the information received by M-real Corporation on 10
May, the shareholding of the mutual funds by the affiliated
investment advisers of Franklin Templeton Group has on 6 May, 2005
decreased to 4.99 percent of the share capital and to 1.60 percent of
the voting rights of M-real Corporation. Franklin Templeton Group
owns in total 16,390,170 M-real´s B-shares.

M-REAL CORPORATION

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