Ownership of the Chinese fine paper mill to UPM-Kymmene

The definite Share Purchase Agreement to sell APRIL's 51% interest in jointly-owned Changshu fine paper mill to UPM-Kymmene, announced on 23 August, 2000, has been closed. Approval from the relevant authorities has also been received. The Changshu fine paper mill becomes a 100%-owned subsidiary of UPM-Kymmene as of 1 September, 2000.


UPM-Kymmene Corporation
Corporate Communications
1 September, 2000