Change in UPM-Kymmene's financial reporting schedule in 2003; UPM-Kymmene to implement IAS as from 2004

UPM-Kymmene Corporation announces that a new publishing date for the Interim Review for January to June 2003 will be 17 July, 2003. The date announced earlier was 29 July, 2003.

UPM-Kymmene Corporation's other financial reports will be published in accordance with the schedule announced earlier:
2002 financial results, 30 January, 2003
Interim Review from January to March 2003, 23 April, 2003
Interim Review from January to September 2003, 23 October, 2003

In addition, UPM-Kymmene's Board of Directors has decided to implement the International Accounting Standard (IAS) as of 2004.

For more Information please contact:
Mr Kari Toikka, Executive Vice President and CFO, UPM-Kymmene, tel. +358 204 15 0014
Mr Jouko Taipale, Senior Vice President, Financial Control, UPM-Kymmene,
tel. +358 204 15 0069

UPM-Kymmene Corporation
Corporate Communications
17 December, 2002