UPM-Kymmene - Corporate Action

UPM to invalidate its own shares

The Board of Directors of UPM-Kymmene Corporation has decided to invalidate the 
company's own shares acquired by the company, i.e. a total of 16,400,000 shares.
The number of shares will therefore be reduced from 528,969,320 shares to       
512,569,320 shares. The invalidating of the shares will be registered in the    
Trade Register on Friday December 21, 2007.                                     

UPM-Kymmene's Annual General Meeting, held on March 27, 2007 authorised the     
Board to decide on the share buy back and the use of company shares.            


UPM-Kymmene Corporation                                                         

Pirkko Harrela                                                                  
Executive Vice President, Corporate Communications                              

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OMX Nordic Exchange Helsinki                                                    
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