UPM to temporarily reduce its sawmilling capacity in Finland due to market situation

(UPM, Lahti, February 13, 2008) - Due to the quickly weakened market situation, UPM will reduce its sawmilling capacity by temporarily reducing production at all the company's seven sawmills located in Finland. The production reductions at each mill will be carried out according to plan made separately for each mill. The employee negotiations on production reductions and the possible temporary layoffs will start immediately.

In Finland, UPM operates 7 sawmills which are located in Lappeenranta, Kajaani, Pietarsaari, Korkeakoski, Heinola, Pori and Leivonmäki.

For more information, please contact:
Mr Arto Halonen, Vice President, Operations, UPM, tel. +358 40 823 2877