Appointments at UPM-Kymmene Corporation

Mr. Olof Bärlund, B.Sc. (Econ.), 51, has been appointed Senior Vice President, International Finance, based in Singapore. Mr. Bärlund is responsible for the Group's financial operations in Southeast Asia, especially financial matters concerning the APRIL alliance, and with an additional responsibility to look after the Group's interests in Southeast Asia.
Mr. Juha Forsius, M.Sc. (Econ.), 40, has been appointed his successor as Vice President, Group Treasurer from 1 June, 1998. Mr. Forsius is at present responsible for risk management of the Group treasury function. Mr. Bärlund and Mr. Forsius will be reporting to Mr. Jan-Henrik Kulp, Chief Financial Officer.
Mr. Olavi Kauppila, LL.B., 52, has been appointed Vice President, Investor Relations from 1 August, 1998. He is currently working at UPM-Kymmene Investment Inc. in New York at functions related to treasury and investor relations. Mr. Kauppila will be reporting to Mr. Kari Toikka, Senior Vice President, Investor Relations and Group Administration.