18/12/2007 Press release 18.12.2007 Due to continued cost escalation and unsatisfactory profitability of its fine paper operations, M-real has started negotiations to increase the price for coated and uncoated fine papers. An increase of eur 40/ton will be applied at the beginning of 2008 as follows: The price for reels will be increased with immediate effect, latest by 18 January 2008 The price for daily indent sheets, i.e. non-contracted business will be increased from 11 February 2008 The price for large indent business, i.e.”contracted volumes” will be increased as soon as current contracts expire The price for stock business will be increased in Q2 2008 M-real has started discussions with our merchant partners already to ensure support for the increases.