UPM and Myllykoski discuss potential transaction

UPM confirms that it is engaged in discussions with the Finnish publication paper company Myllykoski Group concerning a potential transaction of Myllykoski's operations in Finland, Germany and United States.

At the present time, the discussions continue and a number of significant issues remain unresolved. Therefore, there can be no certainty that the discussions between UPM, Myllykoski and its lenders will result in a transaction.

UPM will announce the result of the discussion if the discussions reach a conclusion where public disclosure is appropriate under applicable laws. UPM will also make an announcement would the discussions be terminated.