UPM sells closed Albbruck paper mill to Karl Unternehmensgruppe, Germany

UPM-Kymmene Oyj 

25.05.2012 18:30
---------------------------------------------------------------------------

(UPM, Helsinki, 25 May 2012) - UPM and Karl Unternehmensgruppe, Innernzell,
Germany have reached an agreement on the sale of the Papierfabrik Albbruck
GmbH. The closing of the deal is planned to be effective by the beginning of
August 2012. The contract parties have agreed not to disclose the value of the
transaction. 

UPM closed the unprofitable Albbruck paper mill in Baden-Württemberg, Germany
in January 2012 and permanently ceased graphic paper production at the site.
Since then UPM has actively participated in round table discussions about the
possible future use of the mill premises. 

'The aim of the forum was to find development ideas and business opportunities
for the site. This is now possible by selling the mill to the Karl
Unternehmensgruppe', explains Hartmut Wurster, Executive Vice President, UPM.
'We are glad to have found a solid partner in Karl Unternehmensgruppe, which
already has experience in the field of re-allocation of industrial companies.
This provides new opportunities to the economy of the whole region,' says
Wurster. 

For further information please contact:
Hartmut Wurster, Executive Vice President, UPM, tel. +49 821 3109 264


Notes for the editors:
UPM
UPM leads the integration of bio and forest industries into a new, sustainable
and innovation-driven future. Our products are made of renewable raw materials
and are recyclable. UPM consists of three Business Groups: Energy and pulp,
Paper, and Engineered materials. The Group employs around 24,000 people and it
has production plants in 16 countries. UPM's annual sales exceed EUR 10
billion. UPM's shares are listed on the Helsinki stock exchange. UPM - The
Biofore Company - www.upm.com 

UPM Paper
UPM has 23 modern and sustainable paper mills in Finland, Germany, the United
Kingdom, France, Austria, China and the United States. Many of them are large
recycling centres and bioenergy producers, as well as paper manufacturers. UPM
Paper employs almost 14,000 people. In 2011, the business group's net sales
amounted to EUR 7.2 billion. To learn more, visit: www.upmpaper.com
News Source: NASDAQ OMX



25.05.2012 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      UPM-Kymmene Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009005987
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------