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New Listing Bulletin

For Immediate Release

98/20


CONTACT:

JULY 23, 1998

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Mercer International Inc. Lists on VSE
Effective at the opening on July 23, 1998, Mercer International Inc. commenced trading on the Vancouver Stock Exchange. The company is classified as an "Exempt" company and trades under the symbol "MRI.U". Trading in the Company’s shares will be traded/quoted in US dollars.

Incorporated in the state of Washington, Mercer International Inc. is a pulp and paper company with operations primarily located in Germany. The company manufactures and sells sulphite pulp and three classes of paper products including packaging specialty and printing paper. Mercer International and has previously listed bonds and preferred shares on the Vancouver Stock Exchange.

The company’s capitalization is unlimited with no par value of which 15,278,722 common shares are issued and outstanding. Montreal Trust Company of Canada is the transfer agent for the company.

For further information, please refer to the Company’s annual financial statements, a copy of which is available on VC INFO at vcinfo.vse.ca

For further information, please refer to the Company’s Prospectus dated April 7, 1998.

MERCER INTERNATIONAL INC.
J
immy S. H. Lee, President
Burglistrasse 6
Zurich, Switzerland  8002
Phone: (411) 201-7710

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