Proposal on the composition of the board of directors of UPM-Kymmene Corporation

The nomination committee set by the UPM-Kymmene Board of Directors will propose to the Annual General Meeting to be held on 21 March, 2000 that two new members will be elected to the Board, Mr. Martti Ahtisaari, former President of the Republic of Finland and Mr. Matti Kavetvuo, Managing Director of Pohjola Group Insurance Corporation.
The present member of the Board of Directors, Mr. Iiro Viinanen, former President of Pohjola Group has announced that he is not available in re-election of the Board members.
The nomination committee proposes that otherwise the Board of Directors remains at its present composition, i.e. Mr. Carl H. Amon III, Partner in the 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 Europe; Mr. Jouko K. Leskinen, President and CEO of Sampo Group; Mr. Tauno Matomäki, Doctor of Technology h.c.; Mr. Juha Niemelä, President and CEO of UPM-Kymmene Corporation; Mr. Jorma Ollila, Chairman of the Board and CEO of 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.
The Chairman of the nomination committee set by the UPM-Kymmene Board of Directors was Mr. Iiro Viinanen, and the members were Mr. Carl H. Amon III, Jouko K. Leskinen and Gustaf Serlachius.