UPM-Kymmene - Changes in company's own shares

SHARE REPURCHASE 02.11.2007

UPM-Kymmene Corporation        ANNOUNCEMENT        02.11.2007



SHARE REPURCHASE 02.11.2007

Helsinki Stock Exchange

Trade date                                         02.11.2007
Bourse trade                                       PURCHASE
Share                                              UPM1V
Amount                                             510 000 shares
Total cost                                         7 737 422.49   EUR
Average price / share                              15.1714        EUR
Highest price / share                              15.40          EUR
Lowest price / share                               15.02          EUR


UPM-Kymmene Corporation now holds 14 040 000 shares
including the shares repurchased on 02.11.2007.



On behalf of UPM-Kymmene Corporation

HANDELSBANKEN CAPITAL MARKETS

Juha Kolehmainen                   Mauritz Heikkilä