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M-real initiates cost savings and efficiency improvement programme in its Swedish operations (15 February, 2005)

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M-real Corporation Stock Exchange Bulletin 15.2.2005 at 10 a.m.


M-real has initiated a programme to enhance productivity and profitability at
Wifsta and Husum mills in Sweden. The target is to reduce costs by at least SEK
200 million and reach a 15% productivity increase by the end of the year 2006.
An important element in the programme is the planned integration of Wifsta into
Husum organisation. Negotiations with Labour Unions at M-real's Wifsta and
Husum mills have been started regarding the actions of the programme. 
 
The programme is part of M-real's Cost Savings and Efficiency Improvement
programme 2004 - 2006. The final decision and estimate of potential one-time
costs are expected to be made during second quarter 2005. 


M-REAL CORPORATION


Corporate Communications

For additional information contact Juhani Pöhö, Chief Financial Officer, tel.
+358 10 469 5283 or Peter Sandberg, Executive Vice President, Office Papers,
tel. +31 20 572 7560 


M-real Corporation is a European paper and paperboard company with nearly
16,500 employees. M-real provides fibre-based solutions for consumer packaging,
communications and advertising end-uses. Through its worldwide sales network,
M-real serves its customers consisting mostly of publishers, printers, paper
merchants, offices and well-known consumer product companies. The turnover of
M-real in 2003 amounted to 6 billion euros. The company is headquartered in
Finland, and it is listed on the Helsinki Stock Exchange. 

www.m-real.com

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