Mercer International Inc. Announces Listing on the Toronto Stock Exchange and Appointment of a Mill Manager for Stendal Project.

Business Editors

NEW YORK--(BUSINESS WIRE)--April 25, 2003

Mercer International Inc. (Nasdaq: MERCS, Easdaq: MERC GR) today announced that its shares of beneficial interest will begin trading on the Toronto Stock Exchange on April 28, 2003 under the symbol "MRI.U".

Mercer's shares of beneficial interest will trade in U.S. dollars.

Mercer also announced that they have appointed Mr. Ulf Johansson as the new manager of their 552,000 tonne per annum Stendal pulp mill, which is currently under construction in Germany. Mr. Johansson's past experience includes acting as the resident manager at Sodra Cell Forest Combine in Monsteras, Sweden, which included a 750,000 tonne per annum pulp mill.

Mr. Jimmy S.H. Lee, Chairman and President, commented that he was looking forward to the increased market exposure to sophisticated pulp and paper investors that the new listing may bring. He further stated, "I am very pleased to welcome Mr. Johansson as our new mill manager for Stendal. His world class credentials and experiences will further strengthen our operations team."

Mercer International Inc. is a European pulp and paper manufacturing company. To obtain further information on the Company, please visit its web site at http://www.mercerinternational.com.

The preceding includes forward looking statements which involve known and unknown risks and uncertainties which may cause Mercer's actual results in future periods to differ materially from forecasted results. For a list and description of such risks and uncertainties, see Mercer's reports filed with the Securities and Exchange Commission.