UPM-Kymmene's non-recurring items in October-December 2002

UPM-Kymmene Corporation's non-recurring costs for the fourth quarter of 2002 were approx. EUR 30 million net.

The amount includes a write-off of approx. EUR 120 million in connection with the paper machine closures at the Blandin mill. Net capital gains of EUR 77 million on the sale of 4 million Nokia shares and other net capital gains of approx. EUR 13 million will be booked.

 


UPM-Kymmene Corporation
Corporate Communications
January 8, 2003