M-real Corporation Stock Exchange Release 27.5.2008

M-real Corporation and
Kymppivoima Oy have today signed a sales
contract according to which M-real
sells Kymppivoima 100 000 B2
shares in Pohjolan Voima (PVO). The shares entitle
to electricity
from the new Olkiluoto nuclear power plant that is currently
being
built. The shares represent approximately 6.7 per cent of the
total
amount of B2 shares and voting rights. The sales price of the shares
is
EUR 80 million and the transaction is planned to be put into
effect by 25 June
2008. M-real will book a non-recurring gain of
about EUR 74 million from the
transaction.

After the transaction M-real will own about 3 per cent of the
total
amount of PVO B2 shares and voting rights. In addition, M-real owns
about
11 per cent of PVO B shares that entitle to electricity from
the two current
Olkiluoto nuclear power plants. M-real's
self-sufficiency in electricity is
about 60 per cent composed of own
generation and ownerships in power plants.
Today's transaction does
not have impact on M-real's self-sufficiency in
electricity.

This sale is a part of M-real's minimum EUR 200 million
asset
divestment programme launched in February 2008. M-real has so
far
divested assets worth EUR 162 million under its asset divestment
programme.
Asset items divested are the PVO shares and the New Thames
mill. The asset
divestment programme is planned to be completed by
the end of the first quarter
of 2009.

M-REAL CORPORATION

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