US Department of Justice Antitrust Division will bring no charges against UPM’s former CEO Juha Niemelä

(UPM, Helsinki, June 29, 2006) – UPM has been informed that the US Department of Justice Antitrust Division has completed its investigation of antitrust and related offenses concerning UPM’s former CEO Juha Niemelä and has concluded that no charges will be brought against him. The Antitrust Division has granted UPM and its current and other former employees immunity from prosecution as announced by the company in February this year.

For further information, please contact:
Mr Petri Meurman, Group Legal Counsel, UPM, tel. +358 204 15 0740