M-real - Company Announcement

Notice Pursuant to the Finnish Securities Market Act, Chapter 2, Section 10

M-real Corporation Stock Exchange Release 9 February 2009

According to the information received on 6 February, 2009 by M-real
Corporation, the shareholding of Financier de l'Echiquier SA
(registration number 352 045 454) has on 5 February, 2009 decreased
to 4.8 percent of the total share capital and to 1.6 percent of the
total voting rights of M-real Corporation. The shareholding equals
5.5 percent of M-real's B-shares. In total, Financier de l'Echiquier
owns 15 912 483 M-real Corporation's B-shares.

The total number of M-real shares is 328 165 612.

M-REAL CORPORATION

Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, Vice President, IR and Communications, tel. +358 10 465
4335