Kemiart Liners -organization realized

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M-real Corporation, UPM-Kymmene Corporation, Metsäliitto Osuuskunta and Oy
Metsä-Botnia Ab have realized the spin off of the Kemiart Liners business
operation of Metsä-Botnia as of 1 April 2002, as was informed in their
announcement on 23 January 2002. The shareholding structure of Kemiart Liners
Oy is the same as that of Metsä-Botnia. The aim is to realize the final
decisions on the future strategy and shareholding structure of the Kemiart
Liners business operations by the end of 2004. 

Kemiart Liners is the world's leading producer of coated and uncoated
kraftliner. Kemiart Liner's annual board-producing capacity is 340,000 tonnes
and the mill employs about 150 people.

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