Metsäliitto Osuuskunta - Company Announcement

Non-recurring items in Metsäliitto Group’s fourth quarter 2011 results

Metsäliitto Group Stock Exchange Release 13 January 2012 at 10.00 am EET


Metsäliitto Group is expected to book in total some EUR 214 million negative
non-recurring items in the fourth quarter 2011 operating result. The main items
are the following: 

  -- EUR 105 million cost provisions and write-downs in Board and Paper business
     related to planned closure of M-real's Alizay mill announced on 18 October
     2011.
  -- EUR 70 million cost provisions and write-downs in Board and Paper business
     related to the planned discontinuation of the unprofitable production at
     M-real's Gohrsmühle and Reflex mills announced on 18 October 2011.
  -- EUR 25 million impairments of assets, write-downs, and cost provisions in
     Board and Paper business related to restructuring at M-real's Äänekoski
     mill including the closure of the paper machine 2 announced on 2 November
     2011.
  -- EUR 9 million impairments of assets and cost provisions in Wood Products
     Industry.
  -- EUR 5 million additional cost provisions and adjustments to the sales price
     in Board and Paper business related to the divestment of M-real's Hallein
     pulp mill materialised in September 2011.

Of the total non-recurring items approximately EUR 190 million will have an
impact at the EBITDA level. The write offs will reduce Metsäliitto Group's
annual depreciations by approximately EUR 2 million from 2012 onwards. 

Metsäliitto Group will announce the financial statements 2011 on 9 February
2012. 


For further information, please contact:
Chief Financial Officer Vesa-Pekka Takala, Metsäliitto Group, tel. +358 (0)10
465 4260