Metsäliitto Osuuskunta - Company Announcement

The District Court of Helsinki has rejected the claims of Metsähallitus (Finnish Forest and Parks Service) in the raw wood case

Metsä Group Stock Exchange Release 22 June 2016 at 2 pm EET


On 22.6.2016 the District Court of Helsinki rendered its judgment in a case in
which Metsähallitus claims damages from Metsäliitto Cooperative, Stora Enso Oyj
and UPM-Kymmene Corporation. In its judgment the District Court rejected the
claims made by Metsähallitus and ordered Metsähallitus to compensate the
defendants’ legal costs. 

The total amount of the joint and several claim for damages made by
Metsähallitus in the District Court is 159.4 million euros. Metsäliitto
Cooperative’s share of the capital of the claimed damages is 49.5 million
euros. In addition to damages Metsähallitus claimed compensation for indirect
damages and interests and the legal costs of Metsähallitus. 

In its judgment the District Court found that the defendants’ conduct on the
raw wood market in Finland during 1997–2004 has not caused damage to
Metsähallitus. 

The judgment of the District Court of Helsinki is not final.


METSÄ GROUP


More information:
Miika Arola, Group General Councel, Metsä Group, tel. +358 10 465 4205


www.metsagroup.com


Metsä Group is a forerunner in bioeconomy utilising renewable wood from
sustainably managed northern forests. Metsä Group focuses on wood supply and
forest services, wood products, pulp, fresh forest fibre paperboards and tissue
and cooking papers. 

Metsä Group’s sales totalled EUR 5.0 billion in 2015, and it employs
approximately 9,600 people. The Group operates in some 30 countries.
Metsäliitto Cooperative is the parent company of Metsä Group and owned by
approximately 116,000 Finnish forest owners.