UPM-Kymmene - Company Announcement

UPM applies for listing of the stock options 2005G

UPM applies for listing of the stock options 2005G on the stock exchange list of
the OMX Nordic Exchange Helsinki starting from October 1, 2007.                 

The total number of stock options 2005G is 3,000,000. Each stock option entitles
its holder to subscribe for one UPM-Kymmene Corporation share. In the aggregate,
the stock options 2005G entitle holders to subscribe for 3,000,000 shares.      

The dividends payable annually shall be deducted from the share subscription    
price. The current share subscription price for stock option 2005G is EUR       
17.15/share. The subscription prices will be recorded in the invested           
non-restricted equity fund. The share subscription period with stock options    
2005G will commence on 1 October 2007 and end on 31 October 2009.               

Stock option 2005 terms and conditions are available on the company's website at
www.upm-kymmene.com > Investor Relations > Shares > Option programs.            

UPM-Kymmene Corporation                                                         

Pirkko Harrela                                                                  
Executive Vice President, Corporate Communications                              

DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
New York Stock Exchange                                                         
Main media                                                                      
www.upm-kymmene.com