Metsä Group - Company Announcement

Metsä Group uses its call option on Metsä Fibre shares

Metsä Group Stock Exchange Release 17 April 2012 at 1.00 pm EET

Metsä Group's parent company Metsäliitto Cooperative has now decided to use its
earlier announced call option regarding UPM-Kymmene Corporation's (UPM) 11 per
cent ownership in Metsä Fibre. The call option price is EUR 150 million as was
announced by Metsä Group and UPM on 30 June 2011. The transaction based on the
call option will be completed by 27 April 2012. 

After this transaction, Metsäliitto Cooperative's ownership in Metsä Fibre will
temporarily increase to 68 per cent, but it will later decrease to 50.2 per
cent after the transaction with Itochu Corporation that was announced on 11
April has been completed. 

Metsä Group
Group Communications

For further information, please contact:

Esa Kaikkonen, Executive Vice President and General Counsel, tel. +358 10 465
4749 


www.metsagroup.com

Metsä Group is a responsible forest industry group whose products are part of
people's everyday life and promote sustainable well-being. Metsä Group produces
high-quality products mainly from renewable Nordic wood. The Group's core
businesses areas are tissue and cooking papers, board and paper, pulp, wood
products as well as wood supply. Metsä Group's sales totalled EUR 5.3 billion
in 2011, and it employs approximately 12,500 people. The Group operates in some
30 countries.