M-real has concluded the statutory negotiations at the Äänekoski paper mill

M-real Corporation Press release 7.10.2010 at 12

M-real has concluded the statutory negotiations at the Äänekoski paper mill

M-real Corporation, part of Metsäliitto Group, has concluded the statutory
negotiations at the Äänekoski paper mill. As a result of the negotiations, the
personnel reduction is to be maximum 44 people. Effects on the personnel will
be realized during the year 2011 at the latest. 

M-real started the statutory negotiations on 9 August 2010 and they were based
on efficiency improvement measures at the Äänekoski paper mill to improve its
profitability. The statutory negotiations concerned the Äänekoski paper mill
personnel in total of about 250 people. 

In close co-operation with local authorities and the city of Äänekoski, M-real
will help redundant employees to find new employment. In addition, M-real will
also facilitate redeployment, if possible, by offering jobs internally in the
company or other Metsäliitto Group's businesses. 

M-real announced on 29 March 2010 its plan to invest approximately EUR 6
million in sheeting operations at the Äänekoski paper mill. The investment will
increase sheeting capacity, streamline the conversion process and improve
package quality and the mill's profitability. The investment will be concluded
in summer 2011. 

M-REAL CORPORATION

For further information, please contact:
Matti Mörsky, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10
465 4335