UPM's President & CEO Jussi Pesonen awarded by RISI

(UPM, Helsinki, March 14, 2007) - RISI, the leading information provider for the global forest industry, has selected UPM President and CEO Jussi Pesonen as the European CEO of the Year for the forest products industry.

Rhiannon James-van Beuningen, Vice President, Media Products, RISI, said the award recognizes Pesonen’s role in the ongoing transformation of UPM and the European forest products industry.

Pesonen was nominated in a survey of investment analysts and portfolio managers covering the forest products industry. The criteria for nomination include leadership, vision and strategic accomplishment.

For more information, please see RISI press release at http://www.risiinfo.com/corporate/abo/news/2007/2007-03-12.jsp