Henrik Ehrnrooth was elected as Chair, and Kim Wahl as Deputy Chair of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place following the Annual General Meeting.

In addition, the Board of Directors elected the chairs and other members to the Board committees from among its members:

• Pia Aaltonen-Forsell was elected to chair the Audit Committee, and Jari Gustafsson and Marjan Oudeman were elected as other committee members.

• Martin à Porta was re-elected to chair the Remuneration Committee, and Melanie Maas-Brunner and Topi Manner were elected as other committee members.

• Henrik Ehrnrooth was re-elected to chair the Nomination and Governance Committee, and Piia-Noora Kauppi and Kim Wahl were elected as other committee members.
  
  

As assessed by the Board, all committee members are independent of both the Company and its significant shareholders, so the committees fulfil their respective independence criteria as set out in the Finnish Corporate Governance Code.