UPM offers a new solution for forest ownership in Finland

(UPM, Valkeakoski, 11 February 2009) – UPM offers a new solution for forest ownership as a way to secure a constant and competitive wood supply in Finland. UPM offers large forest entities for sale. The company will make a long-term wood sourcing and forest service contract with the buyers.

“The contract ensures that the forest property will generate a steady profit and guarantees that UPM will buy wood from the new forest owner. It’s an easy way to own and take care of one’s forest,” says Sixten Sunabacka, Head of UPM Forest, North Europe. “UPM is also willing to take care of other forests owned by the buyers. Our forestry experts already manage hundreds of thousands of hectares of privately owned forests in Finland.”

The forest entities are located throughout the country, apart from areas where most of UPM’s forests are located. They represent only a small part of the nearly one million hectares of forest owned by UPM in Finland. The company is selling forest entities ranging from 1,000 to 5,000 hectares in size, totalling close to 30,000 hectares. The forest entities are sold based on tenders and they are for sale for a limited period only.

“Privately owned forest estates in Finland are fairly small in size. By offering large entities for sale UPM seeks to improve the structure of forest ownership in Finland and promote the profitability of forestry,” says Sixten Sunabacka.

More information about the forest estates for sale by UPM is available at www.bonvesta.fi/viisassijoitus.

For further information please contact:

Forest estates for sale: Ms Riitta Väisänen, Sales Manager, tel. +358 40 751 7972
Other enquiries: Mr Sixten Sunabacka, Head of UPM Forest, Northern Europe, tel. +358 204 163 800

UPM Forest

UPM Forest takes care of UPM’s own forests and wood sourcing for UPM’s Finnish factories. The company also has its own tree nursery. The majority of the wood required by UPM’s factories is sourced from privately owned Finnish forests. Every year, UPM Forest buys wood from more than 30,000 Finnish forest owners and also offers them a wide range of services. The company’s forest service contract incorporates a vast array of tailored services, from wood sourcing to forestry and property management services. The company has made a forest service contract with more than 13,000 customers. UPM Forest employs about 600 people in Finland. UPM owns about 915,000 hectares of forest in Finland