Sale of shares

UPM-Kymmene Corporation has sold during April-June, 1999 a total of 895,200 Nokia shares. The total selling price of the shares amounted to EUR 75.6 million, of which the pre-tax gain to be booked in the 1999 second quarter's profit totals EUR 74 million. After the sales UPM-Kymmene owned at the end of June 10,674,736 Nokia shares.