M-real - Changes board/management/auditors

M-real's organization revised

M-real Corporation Stock Exchange Release 17 June 2009 at 5:30 pm

M-real's organization revised

M-real Corporation's, a part of Metsäliitto Group, organization has
been revised following the closure of the paper production at Hallein
mill and the discontinuation of the standard coated fine paper
production at Gohrsmühle mill at the end of April 2009. The Other
Papers business area has been renamed to Speciality Papers. Heikki
Husso has been appointed the head of Speciality Papers.

M-real operates through three business areas, namely Consumer
Packaging, Office Papers and Speciality Papers. Additionally, the
M-real reporting structure includes the Market Pulp and Energy
segment.

Soili Hietanen has been appointed the head of Market Pulp and Energy.
Additionally, Hietanen is responsible for contract manufacturing
issues at M-real. Jarmo Salonen will take up a new position in
Metsäliitto Group.

In the segment reporting the business area name Other Papers will
change to Speciality Papers. No other changes are made to the segment
reporting based on the above issues.

Following the above mentioned changes M-real's Corporate Management
Team consists of the following persons:
- Mikko Helander, CEO
- Matti Mörsky CFO
- Mika Joukio, SVP, Head of Consumer Packaging business area
- Seppo Puotinen, SVP, Head of Office Papers business area
- Heikki Husso, SVP Head of Speciality Papers business area
- Soili Hietanen, SVP, Head of Market Pulp and Energy segment,
Contract Manufacturing
- Mika Paljakka, SVP, HR and TQM

The new management structure is effective immediately.

M-REAL CORPORATION

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