Restructuring programme finalised - M-real sells its carton plants in Belgium

M-real Corporation Stock Exchange Release 11.12.2007

M-real, part of the Metsäliitto Group, has today, on 11 December,
sold the entire share capital of its subsidiary M-real Meulemans SA
in Belgium to the French Autajon Group under a share sales agreement
that became effective immediately. The transaction has no significant
impact on M-real's operating profit. Meulemans employs some 240
employees and has sales of approximately MEUR 30.

-"The sale of Meulemans wraps up the restructuring programme which we
announced in October 2006. The asset divestment target set for the
programme was EUR 500 million and it is now clearly exceeded being
approximately EUR 700 million," says Mikko Helander, CEO of M-real."Thanks to successfully realised programme we are able to fully
compensate the cost inflation in 2007. We have already started the
fourth step of M-real's strategic review by launching a new programme
in November 2007 to achieve a profit improvement of EUR 100 million",
adds Helander.

M-REAL CORPORATION

Further information:
Seppo Parvi, CFO, tel. +358 10 469 4321
Anne-Mari Achrén, Communications, tel. +358 10 469 4541