M-real invests in sheeting operations at the Äänekoski paper mill


M-real Corporation Press release on 29 March 2010

M-real will invest approximately EUR 6 million in sheeting operations at the
Äänekoski paper mill. The investment will increase the sheeting capacity as
well as modernize the conversion process and improve package quality. The
investment project will be completed during the first half of 2011. 

"This investment decision is a confirmation on both parties' belief in long
term cooperation between M-real and Sappi. The investment improves the
Äänekoski paper mill's competitiveness as a high quality coated fine paper
production unit," says Mikko Helander, CEO of M-real. 

"This investment strengthens the high quality status of the Galerie Art brand
in the market and clearly improves our customer service. Galerie Art has
performed very well and plays a key role in Sappi's product portfolio. The
Äänekoski paper mill is also very well located to supply the fast growing
Eastern Europe markets," continues Berry Wiersum, CEO of Sappi Fine Paper
Europe. 

M-real sold Graphic Papers business area to Sappi Limited at the end of 2008.
As part of the transaction the Äänekoski paper mill remained in M-real's
ownership and continued Galerie Art production for Sappi under a long-term
contract. 


M-REAL CORPORATION

For further information, please contact:
 

Matti Mörsky, CFO, tel. +358 10 465 4913

Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10
465 4335