UPM-Kymmene - Corporate Action

Share subscriptions based on UPM stock options 2007B

UPM-Kymmene Corporation     Stock Exchange Release      29 August 2013 at 09:30
EET 

A total of 506,015 UPM-Kymmene Corporation new shares were subscribed for
between 25 May 2013 and 16 August 2013 under the company's stock option rights
2007B. The entire subscription price of EUR 3,157,533.60 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 528,704,962. 

The shares subscribed for under the stock options were registered in the Trade
Register on 29 August 2013, as of which date the new shares will establish
shareholder rights. 

Trading in the new shares will begin on NASDAQ OMX Helsinki on 30 August 2013.

The share subscription period for stock options 2007B started on 1 October 2011
and will end on 31 October 2013. On 16 August 2013, a total of 650,926 stock
option rights 2007B 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. 


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

UPM, Media Desk
Mon-Fri 9:00-16:00 EET
Tel. +358 40 588 3284
media@upm.com
www.twitter.com/UPM_News

UPM leads the integration of bio and forest industries into a new, sustainable
and innovation-driven future. Our products are made of renewable raw materials
and are recyclable. UPM consists of three Business Groups: Energy and pulp,
Paper, and Engineered materials (valid until October, 31, 2013). UPM employs
approximately 22,000 people. UPM is present in 67 countries and have production
units in 17 countries. UPM's annual sales exceed € 10 billion.UPM's shares are
listed on the Helsinki Stock Exchange. UPM - The Biofore Company - www.upm.com