Clarfication regarding China Daily news story on June 14, 2005

The news story in China Daily on June 14, 2005, which referred to UPM's further investment in China is erraneous. The news was actually referring to the recently completed paper machine investment of 470 million US-dollars at UPM's Changshu paper mill. The paper machine in question started up on May 24, 2005.

UPM
Corporate Communications
June 14, 2005