Sale of shares

UPM-Kymmene Corporation has sold during October-November, 1999 a total of 2 million Nokia shares. The total selling price of the shares amounted to EUR 230.4 million, of which the pre-tax gain to be booked in the 1999 last quarter's profit totals EUR 227.1 million. UPM-Kymmene owns after the sale a total of 8,574,736 Nokia shares.