M-real - Company Announcement

M-real makes partial early redemption of its 2010 bonds

M-real Corporation Stock Exchange Release 23 December 2009 at 16.20

M-real makes partial early redemption of its 2010 bonds

M-real Corporation, part of Metsäliitto Group, will exercise its right to
partial early redemption of its senior floating rate notes maturing on 15
December 2010 (ISIN XS0276828042). The outstanding nominal amount before the
redemption is approximately EUR 340 million. The total par value of redemption
will be EUR 250 million. The early redemption will take place on 25 January
2010 and the redemption price will be 100 per cent plus accrued and unpaid
interest to, but not including, the redemption date according to the terms of
the notes. The redemption will be done on a pro rata basis. After the
redemption, the par value of all outstanding Notes will be approximately EUR 90
million.


The main reason for the early redemption is the company's strong liquidity
position. The early redemption will reduce M-real's net financing costs in 2010
by approximately EUR 11 million.

M-REAL CORPORATION

Further information:
Matti Mörsky, CFO, tel. +358 10 465 4913
Juha Laine, VP, IR and Communications, tel. +358 10 465 4335


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