Myllykoski sells Utzenstorf mill

PRESS RELEASE                         June 24, 2009

Myllykoski Corporation has sold its Papierfabrik Utzenstorf AG mill to the company's current management. The deal is closed today, on June 24. The transaction will have a positive impact of approximately EUR 15 million on the second quarter result. The mill in Switzerland has an annual capacity of 210,000 tonnes newsprint grades.

"The decision to sell the Utzenstorf mill is a continuation to our structural changes aiming at streamlining our organisation. Our focus is strongly on improved profitability, and we believe this decision supports this objective well", states Sverre Norrgård, President and CEO of Myllykoski Corporation.

"Utzenstorf is a very healthy mill and successful in its own market area. We believe that the management buyout creates an excellent basis for further development of Utzenstorf ", says Sverre Norrgård.

There will be a transfer period for sales arrangements to make sure that the service to our paper buyers remains untroubled.

For more information:
Sverre Norrgård, President & CEO, Tel. + 358 9 348 9640

MYLLYKOSKI

MYLLYKOSKI is a family-owned international paper group with manufacturing in Finland, Germany and the United States and sales offices around the world. The Finnish roots of the parent company go back to 1892. MYLLYKOSKI products consist of wood-containing uncoated and coated publication papers, including newsprint. Customers include publishers, printers, and retailers worldwide.

MYLLYKOSKI is among the largest publication paper producers in the world.
MYLLYKOSKI operates eight paper mills with a total annual capacity of close to 3 million tonnes, including the alliance partner Rhein Papier GmbH. MYLLYKOSKI employs 3,000 people.

MYLLYKOSKI is known as a pioneer in using new technologies as well as recycled fibres for paper production. A majority of Myllykoski operations have a certified ISO 14001 environmental management system. MYLLYKOSKI’s vision is to be the premier publication paper brand recognized for creativity and positive business solutions.