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THE SALES OF M-REAL´S FOREST ASSETS

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M-real Corporation Stock Exchange Bulletin  28 May 2004, at 3.45 p.m.

THE SALES OF M-REAL´S FOREST ASSETS
         
As earlier announced M-real´s aim to sell its forest assets is
correct. When publishing M-real´s 2003 annual results the President
and CEO Jouko M. Jaakkola told that M-real aims to sell its forest
assets by the end of Q3 2004.

Reuteurs released today news about the total value and schecule of
the sales of M-real´s forest assets. M-real clarifies that no
decisions regarding the total value and the schecule have been made.
The figures given by Reuters are estimates. Furthermore, the final
buyer or the group of buyers have not been selected.


M-REAL CORPORATION


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