/C O R R E C T I O N -- Mercer International Inc./ In the news release, Mercer International Inc. Reports 2005 First Quarter Results, issued earlier today by Mercer International Inc. over PR Newswire, in the first table, Summary Selected Highlights, the first line item, Revenues, should read "euro 97,893" for 2005 rather than "euro 50,316" and the figure for 2004 should read "euro 50,316" rather than "97,893" as incorrectly transmitted by PR Newswire. The complete, corrected table follows: Summary Selected Highlights Three Months Ended March 31, 2005 2004 (in thousands) (unaudited) Results of Operations Revenues euro 97,893 euro 50,316 Loss from operations (894) (1,896) Operating EBITDA(1) 10,093 4,397 Interest expense (19,263) (2,988) Derivative financial instruments, net (3,859) (22,445) Impairment of investments (1,645) - Income tax (provision) benefit (3,035) 20 Net loss (19,667) (18,966) Loss per share (basic and diluted) (0.77) (1.11) (1) For a definition of Operating EBITDA, see page 6 of this press release and for a reconciliation of net loss to Operating EBITDA, see page 5 of the financial tables included in this press release. PRNewswire -- May 10 DATASOURCE: Mercer International Inc.

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