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M-real completes negotiations on Swedish productivity enhancement program (30 June, 2005)

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M-real Corporation Stock Exchange Bulletin 30.6.2005 at 12.30 p.m.


M-real has completed the negotiations with employee representatives concerning
the integration of the Wifsta fine paper mill in Sweden into the Husum pulp and
paper mill. The aim of the changes is to achieve total annual cost savings of
at least EUR 22 million. All in all, the reduction of employees will be 200 by
the end of 2006, resulting in an EUR 15 million non-recurring cost item that
will burden the second-quarter result. 


M-REAL CORPORATION

Corporate Communications

For additional information contact, kindly before 3.30 p.m. (EET), Hannu
Anttila, President and CEO, tel. +358 10 469 43 43 and Peter Sandberg,
Executive Vice President, Office Papers, tel. +31 610 90 55 32 


M-real Corporation, headquartered in Finland and employing some 16,000 people,
is a European paper and paperboard company, providing premium solutions for
consumer packaging, communications and advertising end-uses. Through its
worldwide sales network, M-real serves its customers who mostly comprise
publishers, printers, paper merchants, offices and well-known consumer product
companies and carton printers. M-real is listed on the Helsinki Stock Exchange.
Its turnover in 2004 was EUR 5.5 billion. 

www.m-real.com

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