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M-real Oyj (HEL:MRL) M-real's Fourth Quarter And Full Year 2008 Operating Result Excluding Non-recurring Items Clearly Weaker Than Previously Expected

M-real Oyj (HEL:MRL) M-real Corporation Stock Exchange Release 17 December 2008

In connection with the third quarter 2008 result announcement, M-real expected the fourth quarter operating result, excluding non-recurring items, to weaken seasonally. The demand for M-real's main products in Europe was expected to remain relatively stable for the rest of the year.

M-real has earlier stated that the operating result for the full year 2008, excluding non-recurring items, is expected to be weaker than in 2007.

In the fourth quarter, the demand for M-real's main products has declined clearly more than the normally expected seasonality due to the weakening world economy. This has resulted in market-related curtailments at M-real's mills. The decline in market pulp prices has also weakened M-real's profitability more than expected.

The operating result, excluding non-recurring items, of the fourth quarter will be clearly weaker than in the third quarter. Thus, the full year 2008 operating result, excluding no-recurring items, will also be clearly weaker than in 2007.

M-REAL CORPORATION

Further information: Seppo Parvi, CFO, tel. +358 10 465 4321 Juha Laine, VP, IR and Communications, tel. +358 10 465 4335

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

M-real Oyj

http://www.m-real.com

ISIN: FI0009000665

Stock Identifier: XHEL.MRL

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