Changes in UPM Converting Division - Business Presidents appointed

UPM's Converting Division will consist of two businesses as of January 1, 2005. The two businesses are Labelstock Business and Speciality Coatings Business. The business presidents will report to Jussi Pesonen, President and CEO.

Heikki Pikkarainen has been appointed President of the Labelstock Business and member of UPM's Executive Team as of January 1, 2005. The Labelstock Business consists of the self-adhesive labelstock manufacturer Raflatac and UPM Rafsec producing and developing radio-frequency identification (RFID) labels and cards. Mr Pikkarainen currently works as Vice President, Strategic Development for UPM.

Matti J. Lindahl has been appointed President of the Speciality Coatings Business as of January 1, 2005. The business consists of Walki Wisa, producing industrial wrappings, and Loparex, producing siliconized release materials. Mr Lindahl continues as UPM's Executive Team member.


UPM
Corporate Communications
December 10, 2004