UPM Timber sold its share in RETS Timber to Stora Enso

8/31/2012 2:00 AM EST

UPM-Kymmene Corporation
Press release

UPM Timber sold its share in RETS Timber to Stora Enso

(UPM, Helsinki, 31 August 2012 at 9.00) - UPM Timber has today sold its 50%
share in the export company Rets Timber Oy Ltd to the other owner Stora Enso.
Rets Timber will continue operations in Stora Enso’s ownership. 

Rets Timber has exported the owner companies’ softwood timber to Middle East
and North Africa. UPM Timber will remain an active player in the market
co-operating with its re-organized sales network. 

For further information, please contact:
Marko Koskela, Vice President, Finance, Energy and Pulp Business Group, tel.
+358 40 764 0477 
Mikko Hyvärinen, Director, Sales and Supply Chain, UPM Timber, tel. +358 40 566
5701