WhatTheyThink

DOJ investigates labelstock industry, To block UPM-Kymmene buy of MACtac

Press release from the issuing company

April 21, 2003 -- The US Department of Justice Antitrust Division has informed UPM-Kymmene Corporation that it intends to file a civil antitrust lawsuit to block UPM-Kymmene's acquisition of MACtac. At the same time it has opened a criminal investigation into competitive practices in the labelstock industry. The decisions came as surprises to UPM-Kymmene and the company expects to receive the details for the decisions and will reconsider the situation. For further information contact: Mr Pentti Kallio, President of Raflatac Group, tel. +358 204 15 0015 Mr Olavi Kauppila, Senior Vice President, Investor Relations, UPM-Kymmene, tel. +358 204 15 0658