UPM-Kymmene - Company Announcement

EU Regulatory process of UPM's Myllykoski transaction proceeds into the second phase

UPM-Kymmene Corporation   Stock exchange release  4 March 2011  at 19:00

EU Regulatory process of UPM's Myllykoski transaction proceeds into the second
phase 

The Competition Directorate-General of the EU Commission has completed the
first phase of the regulatory investigation into UPM's acquisition of
Myllykoski and Rhein Papier. In line with the parties' expectations, the
Commission has announced today that the investigation will proceed into the
second phase. 

Due to the year end, the filing of the case with the Commission took place
slightly later than expected. Therefore the targeted time of the closing of the
transaction is postponed to the third quarter of 2011. 

UPM continues to work closely with the Commission in order to allow the
Commission to complete its review as quickly as possible. 

For further information, please contact Mr Petri Meurman, UPM, Senior Group
Legal Counsel, tel +358 2041 50740 or +358 4050 65978. 

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

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

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