If you would like to order our printed Annual Report kindly use the order form below. During the year, UPM commenced the investment in a new pulp mill in Uruguay and prepared for growth projects in biochemicals and biofuels. ALL INVESTOR RELATIONS CONTACTS Media Relations: +358 (0)40 588 3284, media@upm.com. Updated:: 23/10/2019 [ahmadazlan] MEDIA SHARING. UPM ANNUAL REPORT 2019UPM ANNUAL REPORT 2019 UPM ANNUAL REPORT 2019UPM ANNUAL REPORT 2019 UPM IN CHANGING WORLDUPM IN CHANGING WORLD 5. We nevertheless re-tained our strong position in relation to our main competitors. The fall in prices came to an end. Our businesses are varied but they all are united by our Biofore vision, and a single sense of purpose: to create value to our customers in a responsible and sustainable manner.Other operations include UPM Forest, UPM Biochemicals and UPM Biocomposites business units and group services.Check out our upcoming and past eventsUPM Plywood offers plywood and veneer products, mainly for construction, vehicle flooring and LNG shipbuilding, as well as other manufacturing industries.UPM Raflatac manufactures self-adhesive label materials for product and information labelling for label printers and brand owners in the food, personal care, pharmaceutical and retail segments.UPM Biorefining consists of pulp, timber and biofuels businesses. UPM does not publish a separate environmental and corporate responsibility report but has integrated the contents into this annual report. UPM Biofuels produces renewable diesel for all diesel engines and renewable naphta that can be used as a biocomponent for gasoline or for replacing fossil raw materials in the petrochemical industry.You’re welcome to listen to UPM’s recorded webcast via the link below.If you would like to order our printed Annual Report kindly use the order form belowUPM Specialty Papers serves growing global markets with label papers and release liners, fine papers in Asia and flexible packaging in Europe. To find out more about UPM’s responsibility agenda, please visit Order UPM’s Annual Report. 4 UPM ANNUAL REPORT 2004 REVIEW BY THE PRESIDENT Dear Reader, World paper markets showed a marked im-provement in 2004 thanks to stronger de-mand. 2 UPM-Kymmene Annual Report 2001 Financial information in 2002 During the 2002 financial period, UPM-Kymmene will publish the following financial information in Finnish, Swedish, English, German and French: 5 February 2002 Financial Review 2001 25 April 2002 Interim Review for January – March 30 July 2002 Interim Review for January – June UNIVERSITY'S PUBLICATION. Circular economy. The result was affected by low average prices for paper and by higher costs. UPM can contribute to climate change mitigation through climate-positive land use, significant reductions in carbon dioxide emissions and innovative products that replace fossil materials. The report also illustrates UPM’s commitment to UN’s Business Ambition for 1.5°C pledge which aims to limit global temperature rise.

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