UPM's sale of Brooks Group concluded

UPM's sale of Brooks Group Limited to Wolseley plc was completed on August 31, 2004 and the business has been transferred to the new owner. The deal was published on July 30, 2004.

Brooks Group is the leading builders' merchant chain for wood based products in Ireland. In 2003, the company's turnover was EUR 195 million, and it employs approximately 430 people.

For further information please contact:
Mr Tapani Savisalo, Vice President, UPM, Wood Products Division, tel. +358 40 552 9652

UPM
Corporate Communications
September 1, 2004