UPM's non-recurring items in July - September 2005

UPM will book non-recurring income of approximately EUR 8 million net in the third quarter of 2005.

The amount includes a capital gain of approximately EUR 25 million on the sale of Loparex Group. In addition, UPM will book approximately EUR 17 million pension costs relating to the new labour agreement at Miramichi paper mill in Canada.

For more information, please contact:
Mr Olavi Kauppila, Senior Vice President, Investor Relations, tel. +358 204 15 0658


UPM
Corporate Communications
October 7, 2005