M-real Corporation Stock Exchange Release 4.6.2008 European Commission has approved the sale of M-real's Reflex mill to Arjowiggins with the condition that Arjowiggins divests the Reflex carbonless and digital imaging businesses to a third party within 180 days time."M-real and Arjowiggins are now jointly analysing the decision and considering the possibilities how to move forward. M-real will give further information as soon as possible. Reflex mill operations continue normally and with full support of M-real", says Mikko Helander, CEO of M-real. Further information: Seppo Parvi, CFO, tel. +358 10 465 4321 Juha Laine, VP, IR and Communications, tel. +358 10 465 4335