The thermal, tensile and other properties of high density polyethylene films containing iron (III) acetylacetonate as pro-oxidant additive have been studied after exposure to UV irradiation for up to 300 h. The effect of photooxidation on polyethylene films with and without pro-oxidant was estimated by Fourier transform infrared spectroscopy, X-ray diffraction analysis, Differential scanning calorimeter measurements and the tensile properties. It was observed that UV irradiation had almost no effect on the melting temperature of the different samples. After exposure, the degree of crystallinity increased from 69% to 72% for the initial polyethylene samples without pro-oxidant additive and by 3% for the samples containing iron (III) acetylacetonate. It was found that the increase in the carbonyl index of initial HDPE was not significant even after 60 h exposure to UV irradiation while samples with pro-oxidant suffered substantial degradation still for 35 h. It was observed that the decrease of the tensile strength is more pronounced for the samples with pro-oxidant under irradiation for 60 to 70 h. The films containing pro-oxidant lose similar to 90% of its initial elongation at break after 35 h exposure.