Changes in UPM-Kymmene's executive team responsibilities & Appointment at Corporate Communications

Dr Georg Holzhey, Executive Vice President and Member of the UPM-Kymmene Executive Team, will retire on 1 January, 2003 at the age of 63. Procurement and Logistics will report in the Executive Team to Mr Jussi Pesonen, Senior Executive Vice President and COO.

Mr Martin Granholm, Senior Executive Vice President, will be responsible in the Executive Team for Forestry in Finland and coordination of international forest affairs in addition to his current duties. He assumes the responsibility as of 1 January 2003.


APPOINTMENT

Ms Pirkko Harrela, M.A., aged 42, has been appointed Vice President, Corporate Communications for UPM-Kymmene Group as of 1 January, 2003. She has previously worked as Vice President, Communications for UPM-Kymmene Printing Papers and most recently been responsible for Media Service, Employee Communications and general Corporate Communications. She will report to Mr Juha Niemelä, President and CEO.

Her predecessor, Mr Markku Franssila, is taking a study leave until 30 April, 2004.

UPM-Kymmene Corporation
Corporate Communications
17 December 2002