Business News

UPM IS ENGAGED IN DISCUSSIONS WITH MYLLYKOSKI GROUP CONCERNING A POTENTIAL TRANSACTION

Tuesday 28. September 2010 - UPM confirms that it is engaged in discussions with the Finnish publication paper company Myllykoski Group concerning a potential transaction of Myllykoski's operations in Finland, Germany and United States.

At the present time, the discussions continue and a number of significant issues remain unresolved. Therefore, there can be no certainty that the discussions between UPM, Myllykoski and its lenders will result in a transaction.

UPM will announce the result of the discussion if the discussions reach a conclusion where public disclosure is appropriate under applicable laws. UPM will also make an announcement would the discussions be terminated.

UPM will not comment on the negotiations in any further detail.