The Extraordinary General Meeting of UPM-Kymmene Corporation decided on the extra dividend, the invalidation and the purchase of the company's own shares

At the Extraordinary General Meeting of UPM-Kymmene Corporation, held on 13
June, 2000, it was decided to pay an extra dividend of EUR 0.90 per share
according to the proposal of the Board of Directors. The record date for the
dividend payment is 16 June, 2000. The dividend will be paid on 22 June, 2000.

The proposal of the Board of Directors to reduce the share capital by
invalidating the company's 7,538,000 own shares held by the company was
approved. The share capital of the Company 449,128,118.84 euros will be reduced
by 12,678,011.44 euros.

The proposal by the Board of Directors on the purchase of the company's own
shares using distributable funds was approved. A minimum of 100 and a maximum of
12,900,000 own shares will be purchased. The Extraordinary General Meeting
authorized the Board of Directors to decide on the disposal of own shares thus
acquired.

In his review Mr Juha Niemelä, President and CEO, said that demand of paper
products has remained good. According to him, the capital expenditure of the
company will be maintained moderate. However in 2000 the capital expenditure
will rise somewhat higher than anticipated to approximately EUR 700 million due
to the timing of the investments. The company has no new paper machine plans.

UPM-Kymmene Corporation
Corporate Communications
13 June, 2000