Resolutions of the M-real Corporation's Annual General Meeting



M-real Corporation Stock Exchange Release 12 March 2009

The Annual General Meeting of M-real Corporation held today on 12
March 2009 made the following resolutions:

Adoption of the annual accounts

The Annual General Meeting approved the company's financial
statements for the financial year 2008.

Consideration of the annual result and the payment of dividend

The Annual General Meeting resolved not to distribute dividend for
the financial year ended 31 December 2008.

Resolution on the discharge from liability

The Annual General Meeting discharged the members of the Board of
Directors, the CEO and deputy to the CEO from liability.

Number of the members of the Board of Directors

The Annual General Meeting confirmed that the number of Board members
is nine (9).

Remuneration of the members of the Board of Directors

The Annual General Meeting resolved to maintain the remuneration of
the members of the Board of Directors unchanged, however to be
converted to an annual remuneration. Thus, the Chairman receives an
annual remuneration of EUR 76,500, the Vice Chairman EUR 64,500 and
members EUR 50,400. One half of the remuneration will be paid in cash
while the other half is paid in the company's B-series shares to be
acquired from the stock exchange between 16 and 20 March 2009. Board
members Kari Jordan, Martti Asunta and Runar Lillandt, who all
receive remuneration from the largest shareholder Metsäliitto
Cooperative, renounced their right to the annual remuneration.

In addition, the members are paid a fee of EUR 500 per each attended
Board and committee meeting.

Composition of the Board of Directors

The Annual General Meeting elected as members of M-real's Board of
Directors Martti Asunta, M.Sc. (Forestry); Kari Jordan, Honorary
Counsellor; Erkki Karmila, LL.M.; Kai Korhonen, M.Sc. (Technology);
Liisa Leino, M.Edu.; Runar Lillandt, Counsellor of Agriculture; Juha
Niemelä, Honorary Counsellor; Antti Tanskanen, Minister, and Erkki
Varis, M.Sc. (Technology). 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 the Board of Directors elected Kari Jordan
as its Chairman and Martti Asunta as its Vice Chairman. The Board
further resolved to organize the Board committees as follows:

The members of the Audit Committee are Erkki Karmila (Chairman), Kai
Korhonen, Antti Tanskanen and Erkki Varis.

The members of the combined Nomination and Compensation Committee are
Kari Jordan (Chairman), Martti Asunta, Liisa Leino, Runar Lillandt
and Juha Niemelä.

Auditor's fees

The Annual General Meeting resolved that the fee of the auditor is
paid according to invoice.

Election of the auditor

The Annual General Meeting elected as M-real's auditor Authorized
Public Accountants PricewaterhouseCoopers Oy with Johan Kronberg,
Authorized Public Accountant, acting as principal auditor. The term
of office of the auditor expires at the end of the next Annual
General Meeting.

Other resolutions

The Annual General Meeting instructed the Board of Directors to
investigate possibilities and the related terms to merge the
company's A- and B-series shares. Investigation results were
instructed to be presented to the next General Meeting.

M-REAL CORPORATION

Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, VP, IR and Communications, tel. +358 10 465 4335