UPM-Kymmene - Corporate Action

Share subscriptions based on UPM stock options 2007A

Helsinki, 2011-04-12 09:00 CEST (GLOBE NEWSWIRE) -- UPM-Kymmene Corporation  
Corporate action   12 April 2011   at 10:00 EET 

A total of 300 UPM-Kymmene Corporation new shares were subscribed for by 25
March 2011 under the company's stock option rights 2007A. The entire
subscription price of EUR 3,720 will be entered in the invested unrestricted
equity reserve. As a result of the share subscriptions, the number of UPM's
shares will increase to 519,970,388. 

The shares subscribed for under the stock options were registered in the Trade
Register on 12 April 2011, as of which date the new shares will establish
shareholder rights. 

Trading in the new shares will begin on NASDAQ OMX Helsinki on 13 April 2011.

The share subscription period for stock options 2007A is between 1 October 2010
and 31 October 2012. On 25 March 2011, a total of 4,252,700 stock option rights
2007A remained unexercised. 

The terms and conditions of UPM's stock options 2007 with additional
information are available on the company's website www.upm.com. 

For further information, please contact:
Olavi Kauppila, Senior Vice President, Investor Relations, tel. +358 204 150 658

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main media
www.upm.com