UPM-Kymmene - Company Announcement

The Finnish Transport Workers' Union strike will close UPM's Finnish paper mills within a week

UPM-Kymmene Corporation   Stock exchange release  3 March 2010  at 09:30        

The Finnish Transport Workers' Union strike will close UPM's Finnish paper mills
within a week                                                                   

The Finnish Transport Workers' Union strike which started on Tuesday, 2 March   
2010, will stop transportation of raw materials to UPM's Finnish mills and      
seriously impede the transportation of products from mills to its customers. The
strike will have an immediate impact on the operations of all UPM mills in      
Finland. If the strike will expand to cover the stevedores of the Finnish ports,
this will in effect shut down all of UPM's paper machines in Finland within a   
few days. The financial impact of the strike in UPM's result is estimated to    
exceed EUR 3 million a day.                                                     

UPM will commence paper mill shut downs in Finland as soon as operations are no 
longer possible due to the lack of raw material and paper storage. In line with 
the Finnish Contracts of Employment Act UPM will suspend salary payment 7 days  
after the end of paper machine production work.                                 

UPM aims to deliver its customer orders from its mills located in other         
countries. Nearly half of UPM's paper production capacity is located in Finland.

For more information, please contact:                              
Hans Sohlström, UPM, Executive Vice President, Corporate Relations and          
Development, tel. +358 2041 50542                                               

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

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

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