MERCS Mercer International Inc. - Shares OF Beneficial Interest (MM)

Mercer International Inc. Announces Exercise of Underwriters' Over-Allotment Option NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- Mercer International Inc. ("Mercer" or the "Company") (NASDAQ:MERCSNASDAQ:TSX:NASDAQ:MRI.U) announces that, in conjunction with its previously announced sale of 9,416,196 Mercer shares on February 14, 2005, the underwriters have exercised their over-allotment option and purchased an additional 1,352,504 shares of Mercer at a price of $8.50 per share. After commissions and discounts, such sale resulted in proceeds to the Company of approximately $10.9 million. Mercer Mercer is a pulp and paper manufacturing company. Mercer operates three modern NBSK pulp mills in Germany and Canada with a consolidated annual production capacity of approximately 1.3 million tonnes. DATASOURCE: Mercer International Inc. CONTACT: Jimmy S.H. Lee, Chairman & President, +1-604-684-1099, or David M. Gandossi, Executive Vice-President & Chief Financial Officer, +1-604-684-1099, both of Mercer International Inc.; or Investors - Eric Boyriven, or Media - Scot Hoffman, both of Financial Dynamics, +1-212-850-5600, for Mercer International Inc. /First Call Analyst: Web site: http://www.mercerinternational.com/

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