UPM-Kymmene will procure the company's own shares

On the decision made by UPM-Kymmene Corporation's Annual General Meeting, held on 25 March, 1998, UPM-Kymmene will procure the company's own shares one week after the company has published a press release concerning the procurement of the company's own shares i.e. 3 April, 1998.
The company's own shares shall be purchased for use as payment when the company procures property related to its business operations, and for use as payment in any possible corporate acquisitions in the manner and to the extent decided by the Board of Directors. A minimum of 1,000,000 and a maximum of 13,519,438 shares shall be purchased. The shares shall be purchased other than in proportion to existing shareholdings in public trading on the Helsinki Stock Exchange. The shares shall be purchased at the market price quoted for them at the time of public trading. The shares shall be paid and transferred according to the rules and regulations of the Helsinki Stock Exchange and Finnish Central Securities Depository Ltd. The purchase of the shares will reduce the company's distributable non-restricted equity.
The Annual General Meeting authorised the Board of Directors to decide for the company on the disposal of own shares purchased on the basis of the aforementioned decision on the following conditions: The authorisation is limited to a maximum of 13,519,438 of the company's own shares. The Board of Directors is authorised to decide to whom and in what order the own shares are to be transferred. The Board of Directors may also decide on the disposal of own shares otherwise than in the same proportion as a shareholder has a pre-emptive right to purchase the company's own shares. The shares shall be used as payment when the company procures property related to its business operations, and as payment in any possible corporate acquisitions in the manner and to the extent decided by the Board of Directors. The shares shall be disposed of at the market price quoted for them at the time of public trading on the Helsinki Stock Exchange. This authorisation will be in effect for a period of one year from the date of the Annual General Meeting at which it was given.