Standard & Poor's downgrades ratings of M-real

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Standard & Poor's downgrades ratings of M-real

Standard & Poor's Ratings Services has today lowered the long-term ratings of
M-real Corporation to BB+ from BBB- and its subsidiary's Metsä Group Financial
Services Oy short-term ratings to B from A-3. The ratings outlook is stable. 
 
Downgrade has no impact on the financing costs.

M-REAL CORPORATION 


CORPORATE COMMUNICATIONS 


For additional information, contact: Chief Financial Officer Heikki Saarinen
+358 50 598 7142 or Managing Director Aapo Nikunen, Metsä Finance +358 500 848
116 

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