UPM-Kymmene - Company Announcement

UPM expects its full year operative profitability for 2008 to be below last year

UPM-Kymmene Corporation   Stock Exchange Release   18 June 2008  at 09:35       

UPM's operative profitability for 2008 is expected to be weaker than that of    
last year due to higher than estimated costs of wood fibre sourcing and the     
weakening result for the sawn timber business. At the beginning of the year, UPM
expected its full year operative profitability for 2008 to be about the same as 
in 2007.                                                                        

The company's ongoing price increases for magazine papers are estimated to      
materialise as anticipated.                                                     

UPM will release its financial result for April-June on 24 July 2008.           

For further information, please contact:                                        
Mr Olavi Kauppila, Senior Vice President, Investor Relations, tel. +358 204 15  
0658                                                                            
Mr Jyrki Salo, Executive Vice President and CEO, tel. +358 204 15 0011          

UPM, Media Desk                                                                 
Tel. +358 40 588 3284, communications@upm-kymmene.com                           
UPM-Kymmene Corporation                                                         
Pirkko Harrela                                                                  
Executive Vice President, Corporate Communications                              

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OMX Nordic Exchange Helsinki                                                    
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