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M-real Oyj (HEL:MRL) M-real's Divestment Of Graphic Papers Closed At Year End 2008

M-real Oyj (HEL:MRL) M-real Corporation Stock Exchange Release 31 December 2008

In late September 2008, M-real Corporation, a part of Metsäliitto Group, announced the sale of its Graphic Papers business to the South African Sappi Limited for EUR 750 million. The economic value consists of approximately EUR 480 million in cash and assumed debt, EUR 220 million vendor loan note from Sappi to M-real and the rest in Sappi shares.

The transaction includes the Kangas, Kirkniemi, Biberist and Stockstadt mills with a total paper production capacity of about 1.9 million tons per annum as well as several long-term commercial agreements.

The transaction has been closed on 31 December 2008. The transaction consideration is subject to minor changes based on final operating net working capital and net debt at year end.

M-REAL CORPORATION

Further information: Seppo Parvi, CFO, tel. +358 10 465 4321 Juha Laine, Vice President, 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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