THE SALES OF PRICE & PIERCE TO GOULD PAPER FINALISED

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M-real Corporation Stock Exchange Bulletin 1.10.2004 at 9.00 a.m.

THE SALES OF PRICE & PIERCE TO GOULD PAPER FINALISED

M-real and Gould Paper have yesterday closed the final agreements
with regard to sale and purchase of Price & Pierce trading house. The
Letter of Intent was signed in August.

The sale of Price & Pierce is part of M-real´s action plan to divest
its non-core assets. The transaction has no material financial impact
to M-real.

M-REAL CORPORATION

Corporate Communications

For additional information contact Executive Vice President and CFO
Juhani Pöhö, tel. +358 10 469 5283







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