UPM-Kymmene pre-tax gain in January

UPM-Kymmene Corporation has sold during January-March, 2000 a total of 1.5 million Nokia shares. The total selling price of the shares amounted to EUR 337 million, of which the pre-tax gain to be booked in the 2000 first quarter's profit totals EUR 334 million. After the sales UPM-Kymmene owned at the end of March 7,074,736 Nokia shares.