M-real Corporation has Obtained Title to the Entire Share Capital in Metsa Tissue Corporation

Espoo, FINLAND


ESPOO, Finland, June 10, 2003 (PRIMEZONE) -- The Arbitration Tribunal appointed by the Central Chamber of Commerce confirmed today that M-real Corporation's right to redeem the minority shares in Metsa Tissue Corporation is not in dispute and that M-real Corporation has a right to obtain title to the minority shares by placing a security approved by the Arbitration Tribunal to secure the payment of the redemption price.

M-real Corporation has today placed the security approved by the Arbitration Tribunal to secure the payment of the redemption price and has thus obtained title to the entire share capital of Metsa Tissue Corporation in accordance with Chapter 14 Section 21 of the Companies Act.

The redemption price will be paid to the minority shareholders of Metsa Tissue Corporation as soon as possible after the arbitration award regarding the redemption price, which will be rendered at a later date, has gained legal force.

Metsa Tissue Corporation has today filed an application for the delisting of its shares from the Main List of the Helsinki Exchanges.


 METSA TISSUE CORPORATION

 Lilli Nyman
 Communications Specialist

 Distribution:
 HEX/Helsinki Exchanges
 Key media

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http://www.waymaker.net/bitonline/2003/06/10/20030610BIT00880/wkr0001.doch

http://www.waymaker.net/bitonline/2003/06/10/20030610BIT00880/wkr0002.pdf



        

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