M-real - Decisions of general meeting

Resolutions of the M-real Corporation Annual General Meeting

Espoo, Finland, 2011-03-23 17:10 CET (GLOBE NEWSWIRE) -- M-real Corporation
Stock Exchange Release 23.3.2011 at 6.10 pm 

The Annual General Meeting of M-real Corporation held today 23 March 2011
adopted the following resolutions: 

Adoption of the annual accounts

The Annual General Meeting approved the company's financial statements for the
financial year 2010. 

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 2010. 

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. 

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. Thus, the Chairman receives an annual
remuneration of EUR 76,500, the Vice Chairman EUR 64,500 and members EUR
50,400. Approximately 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
open market during April 2011. 

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

Number of the members of the Board of Directors

The Annual General Meeting fixed the number of Board members to nine (9)
members. 

Composition of the Board of Directors

The Annual General Meeting elected the following persons as members of the
company's Board of Directors: Mikael Aminoff M.Sc. (Forestry), Martti Asunta,
M.Sc. (Forestry), Kari Jordan, Honorary Counsellor, Kirsi Komi, LL.M., Kai
Korhonen, M.Sc. (Technology), Liisa Leino, M.Edu., 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 Kirsi Komi, Kai Korhonen, Antti
Tanskanen and Erkki Varis and the members of the Nomination and Compensation
Committee are Mikael Aminoff, Martti Asunta, Kari Jordan, Liisa Leino 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 Authorized Public Accountants
PricewaterhouseCoopers Oy as M-real's auditor 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. 

Reduction of share premium reserve

The Annual General Meeting decided to reduce the company's share premium
reserve as evidenced by the parent company's balance sheet as at 31 December
2010 by transferring all funds recorded therein, i.e. EUR 663,812,052.56 to the
company's fund for invested unrestricted equity. The reduction is done without
remuneration and will not have an effect on the number of shares, holdings of
shares nor rights attached to the shares. The reduction of the share premium
reserve is subject to the completion of a creditor protection procedure in
accordance with the Finnish Companies Act. 


M-REAL CORPORATION

Further information:
Matti Mörsky, CFO, tel. +358 10 465 4913
Sanna Väisänen, manager, Investor relations and communications, tel. +358 50
355 7990