UPM is engaged in discussions with Myllykoski Group concerning a potential transaction

UPM-Kymmene Corporation - Company Announcement
UPM is engaged in discussions with Myllykoski Group concerning a potential transaction
UPM-Kymmene Corporation   Stock exchange release  28 September 2010  at 08:30   

UPM is engaged in discussions with Myllykoski Group concerning a potential      
transaction                                                                     

UPM confirms that it is engaged in discussions with the Finnish publication     
paper company Myllykoski Group concerning a potential transaction of            
Myllykoski's operations in Finland, Germany and United States.                  

At the present time, the discussions continue and a number of significant issues
remain unresolved. Therefore, there can be no certainty that the discussions    
between UPM, Myllykoski and its lenders will result in a transaction.           

UPM will announce the result of the discussion if the discussions reach a       
conclusion where public disclosure is appropriate under applicable laws. UPM    
will also make an announcement would the discussions be terminated.             

UPM will not comment on the negotiations in any further detail.                 

UPM-Kymmene Corporation                                                         
Pirkko Harrela                                                                  
Executive Vice President, Corporate Communications                              

UPM, Corporate Communications                                                   
Media Desk, tel. +358 40 588 3284                                               
communications@upm.com                                                          

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