M-real signed EUR 500 million syndicated loan agreement

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M-real Corporation Stock Exchange Bulletin 15.12.2004 at 4.45 p.m.

M-real Corporation has today signed a EUR 500 million syndicated revolving
credit facility agreement. The facility replaces facility agreement of EUR 700
million signed in 2000. The term of the facility is five years and the mandated
lead arrangers are Barclays Capital, BNP Paribas, Commerzbank, Danske Bank, and
Nordea. The amount of banks participating in the transaction is 21. 


M-REAL CORPORATION

Corporate Communications

For additional information contact M-real's Chief Financial Officer Juhani
Pöhö, tel. +358 10 469 5283 or Aapo Nikunen, Managing Director, Metsä Group
Financial Services Oy, 
tel. +358 10 469 425


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 in the Helsinki Stock Exchange. 

www.m-real.com

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