Decisions of the annual general meeting 2000 of UPM-Kymmene Corporation

At the Annual General Meeting of UPM-Kymmene Corporation, held on 21 March, 2000, the accounts of the Corporation were approved and the persons responsible were discharged from liability for the financial period. According to the proposal of the Board of Directors it was decided that dividend of EUR 1.25 per share will be paid, starting on 31 March, 2000. The record date for the payment of dividend is 24 March, 2000.
Two new members, Mr Martti Ahtisaari, former President of the Republic of Finland and Mr Matti Kavetvuo, Managing Director of Pohjola Group Insurance Corporation, were elected to the Board of Directors. In addition, Mr Carl H. Amon III, Partner in White & Case law firm; Mr L.J. Jouhki, Managing Partner of Thom Companies; Mr Antoon Lenstra, Executive Vice President of Unilever Home and Personal Care Products Europe; Mr Jouko K. Leskinen, President and CEO, Sampo Group; Mr Tauno Matomäki, Doctor of Technology h.c.; Mr Juha Niemelä, President and CEO, UPM-Kymmene Corporation; Mr Jorma Ollila, Chairman of the Board and CEO, Nokia Corporation; Mr Gustaf Serlachius, Chairman of the Gösta Serlachius Fine Arts Foundation and Mr Vesa Vainio, Vice Chairman of the Board of Directors of MeritaNordbanken Plc. were elected members of the Board of Directors.
The auditing company SVH PricewaterhouseCoopers Oy and Mr Lars Blomquist, Authorized Public Accountant, were appointed Auditors of the Corporation. The auditing company PricewaterhouseCoopers Oy and Ms Merja Lindh, Authorized Public Accountant, were appointed Deputy Auditors.
The Board of Directors withdrew its proposal on a share issue authorization for the Board of Directors.
At the meeting of Board of Directors following the Annual General Meeting, Mr Tauno Matomäki was elected Chairman of the Board and Mr Jouko K. Leskinen and Gustaf Serlachius Deputy Chairmen.