Interim Report of the Finnforest Corporation 1-3/2005 (28 April, 2005)

(unaudited)

• Net sales €467.6 million (469.9)
• Operating loss €-0.9 million (a profit of 6.9)
• Profit before taxes €-11.4 million (-10.4)
• Return on capital employed -0.2 % (2.8)
• Equity ratio 29.0% (24.3) and net gearing 167% (213)