M-real Corporation Stock Exchange Release 13.3.2008 The Annual General Meeting of M-real Corporation, held on 13 March 2008, approved the company's financial statements for the year 2007 and granted discharge from liability to the members of the Board of Directors, the CEO and deputy to the CEO. Dividend The Annual General Meeting resolved to pay a dividend of EUR 0.06 per share for the financial year ended 31 December 2007, in the total amount of EUR 19,689,936.72. The dividend will be paid to shareholders who on the record date of 18 March 2008 have been entered in the shareholders' register of the company maintained by the Finnish Central Securities Depository Ltd. The dividend payment date is 27 March 2008. Amendment of the Articles of Association The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to delete Paragraph 5 (Par Value) of the Articles of Association, amend Paragraph 4 (Share Capital), Paragraph 10 (Matters decided by the Shareholders Meeting), Paragraph 11 (Board of Directors) and Paragraph 14 (Auditor). Board of Directors The Annual General Meeting elected as members of M-real's Board of Directors Mr. Heikki Asunmaa, Counsellor of Forest Economy; Mr. Martti Asunta, M. Sc. (Forestry); Mr. Kari Jordan, President and CEO of Metsäliitto Group; Mr. Erkki Karmila, LL.M.; Mr. Kai Korhonen, M. Sc. (Technology); Mr. Runar Lillandt, Counsellor of Agriculture; Mr. Juha Niemelä , Honorary Counsellor; and Mr. Antti Tanskanen, Minister. The term of office of the members of the Board of Directors expires at the end of the next Annual General Meeting. At its organising meeting following the Annual General Meeting, the Board of Directors elected Mr. Kari Jordan as its Chairman and Mr. Martti Asunta as its Vice Chairman. The Board of Directors agreed that the Board committees shall consist of the following Board members: The members of the Audit Committee are Mr. Erkki Karmila (chairman), Mr. Kai Korhonen and Mr. Antti Tanskanen. The members of the Compensation Committee are Mr. Kari Jordan (chairman), Mr. Erkki Karmila and Mr. Martti Asunta. The members of the Nomination Committee are Mr. Martti Asunta (chairman), Mr. Runar Lillandt and Mr. Antti Tanskanen. Remuneration of the members of the Board of Directors and the auditor The Annual General Meeting resolved to maintain the remuneration of the members of the Board of Directors unchanged. The Chairman of the Board of Directors receives EUR 6,375 per month, Vice Chairman EUR 5,375 per month and the ordinary members EUR 4,200 per month. In addition, the members are paid a fee of EUR 500 per Board meeting and Board committee meeting. The fee of the auditor is paid according to invoice. Auditor The Annual General Meeting elected as M-real's auditor Authorized Public Accountants PricewaterhouseCoopers Oy with Göran Lindell, Authorized Public Accountant, acting as the Principal Auditor. The term of office of the auditor expires at the end of the next Annual General Meeting. M-REAL CORPORATION Further information: Anne-Mari Achrén, Communications, tel. +358 10 465 4541