Metsäliitto Osuuskunta - Company Announcement

The Board of Directors of Metsäliitto Cooperative has resolved on a new executives incentive plan

Metsäliitto Group Stock Exchange Release 16 December 2010 at 13:00

The Board of Directors of Metsäliitto Cooperative has resolved on a new
share-based incentive plan directed to the Metsäliitto Group executives. The
aim of the plan is to combine the objectives of the shareholders and the
executives in order to increase the value of the Metsäliitto Group, to commit
the executives to perform the Group's mutual strategy, and to offer them a
competitive reward plan based on share ownership. 

The plan includes three three-year earning periods, calendar years 2011--2013,
2012--2014 and 2013--2015. The Board of Directors will decide on the earnings
criteria and on targets to be established for them at the beginning of each
earning period. The potential reward from the plan for the earning period
2011--2013 will be based on the Metsäliitto Group´s Equity Ratio and the
development of Return on Capital Employed (ROCE) and Earnings before Interest
and Taxes (EBIT). Each earning period is followed by a subsequent two-year
restriction period during which the participant is not entitled to transfer or
dispose of the shares. 

The potential reward from the earning period 2011--2013 will be paid partly in
M-real Corporation series B shares and partly in cash in 2014. The proportion
to be paid in cash will cover taxes and tax-related costs arising from the
reward. 

In the starting point the plan concerns approximately 40 people including the
members of the Metsäliitto Group's Executive Management Team. The rewards to be
paid on the basis of the plan for earning period 2011--2013 will correspond to
the value of a maximum total of approximately 3.5 million M-real Corporation
series B shares including also the proportion to be paid in cash. 


Further information:
Mr. Martti Asunta, Chairman of the Board of Directors, Tel. +358 40 829 9393