UPM-Kymmene's Haindl acquisition into second phase in EU merger review

UPM-Kymmene Corporation's acquisition of the German paper producer G. Haindl'sche Papierfabriken KGaA (Haindl) and the further sale of two Haindl paper mills to Norske Skog proceeds into detailed probe in the European Commission merger review.

The opening of a detailed probe is a normal procedural step. The parties expect to close the transactions during this year, as originally planned.

For further information:
Mr. Reko Aalto-Setälä, General Counsel,
tel. +358 204 15 0011 (office), mobile phone +358 40 548 3589

UPM-Kymmene Corporation
Corporate Communications
July 23, 2001