Offering of Metso shares by UPM to begin

UPM has today decided to launch an accelerated bookbuilt offering of 19.9 million shares of Metso Corporation, representing approximately 14.6% of the outstanding share capital of Metso. Bookbuilding of this international offering will begin immediately by Enskilda Securities and UBS Investment Bank, bookrunners of the offering.

Not for release in the United States, Canada or Japan.


UPM
Corporate Communications
March 7, 2005