First batches of pulp from Botnia's pulp mill in Uruguay to be shipped for test runs in the coming weeks

(UPM, Helsinki, November 19, 2007 at 9.40) – UPM's associated company Botnia's pulp mill in Uruguay has started up successfully. The first batches of pulp will be shipped for test runs to UPM's mills in China and Finland in the coming weeks. Originally the mill was scheduled to start up in the third quarter of 2007. The delay in start-up will not have material impact on UPM's financial results for 2007.

The annual capacity of the Fray Bentos pulp mill is one million tons of eucalyptus pulp, of which UPM's share is some 510,000 tons.

The pulp mill is one of the most modern in the world. Designed with the most recent technologies available, the mill operates in compliance with the strictest standards set by the European Union and Uruguayan legislation.

The total investment in the mill comes to 1.2 billion US dollars.

Botnia S.A. is a subsidiary of Oy Metsä-Botnia Ab. UPM owns 47 per cent of Oy Metsä-Botnia Ab.

For further information, please contact:
Mr Pauli Hänninen, Executive Vice President, Technology, tel. +358 204 150 543