UPM Concludes Sale of Puukeskus - Global Paper Money

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UPM Concludes Sale of Puukeskus

Helsinki, Finland 31 August 2006 -– UPM's sale of Puukeskus Oy to the private equity investor Triton and Puukeskus's management was completed today and the business has been transferred to the new owner. The deal was published on 22 June 2006.

UPM will book from the sale a capital gain of around EUR 90 million for the third quarter of 2006. The final figure will be determined from the financial statements to be prepared as per 31 August 2006.

Puukeskus is the leading building materials merchant chain for wood-based products in Finland. It has 650 employees and in 2005 had sales of EUR 394 million.

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