<b>APRIL Closes Sale of Plant to UPM</B>

The APRIL Group and its majority shareholder closed the sale of their 51% interest in the Changshu Paper mill to UPM-Kymmene of Finland for $150 million. A pulp supply agreement for the supply of Bleached Hardwood Kraft pulp from Riaupulp to the Changshu mill was also signed.

The Changshu mill is a 350,000 tons per year uncoated wood-free paper mill in Changshu, near Shanghai, China. Prior to the sale, the mill was 100% owned by Asia Pacific Forest Products Pte. Ltd. which was owned 49% by APRIL Fine Paper, a 99.8% held subsidiary of APRIL, 2% by APRIL's majority shareholder and 49% by UPM-Kymmene. After completion of the sale, UPM-Kymmene owns 100% of the Changshu Paper Mill. APRIL has purchased 100% of the Suzhou converting plant.