M-real - Major shareholder announcements

Notification pursuant to Chapter 2, Section 10 of the Finnish Securities Market Act

M-real Corporation Stock Exchange Release 30 September 2008

According to the information received today by M-real Corporation,
the shareholding of Financier de l'Echiquier SA (registration number
352 045 454) has on 29 September, 2008 increased to 5.1 percent of
the total share capital and to 1.6 percent of the total voting rights
of M-real Corporation. The shareholding equals 5.7 percent of
M-real's B-shares. In total, Financier de l'Echiquier owns 16.587.500
M-real Corporation's B-shares.

The total number of M-real shares is 328.165.612.

M-REAL CORPORATION

Further information:
CFO Seppo Parvi, tel. +358 10 465 4321