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Notice pursuant to the Securities Market Act, chapter 2, section 10: Shareholding of Franklin Templeton Group has increased in M-real Corporation (24 May, 2005)

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M-real Corporation Stock Exchange Announcement 24 May 2005 at 1.15 p.m.


According to the information received by M-real Corporation, the shareholding
of the mutual funds by the affiliated investment advisers of Franklin Templeton
Group has on 20 May 2005 increased to 5.03 percent of the share capital and to
1.62 percent of the voting rights of M-real Corporation. Franklin Templeton
Group owns in total 16,514,383 M-real's B-shares. 


M-REAL CORPORATION

Corporate Communications


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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