Merger of Kymmene Corporation subsdiaries

The Boards of Kymmene Corporation and its subsidiaries, Kaukas Oy, Kymi Paper Mills Ltd., Wisaforest Oy Ab, Schauman Wood Oy and Tehdaspuu Oy, have decided that the subsidiaries will be merged into the parent company by 15 May 1996.
The aim of these mergers is to promote a new legal divisional structure for the UPM-Kymmene Group and to utilize the effects of economic synergy.