UPM-Kymmene - Corporate Action

UPM applies for listing of stock options 2007B

(UPM, Helsinki, 21 September 2011 at 9:00) - UPM-Kymmene Corporation applies
for listing of stock option rights 2007B of the UPM Stock Options 2007
programme on NASDAQ OMX Helsinki stock exchange to commence on 3 October 2011. 

A total of 5,000,000 stock options 2007B were issued. There are currently 515
key employees holding a total of 4,385,500 stock options 2007B. Unicarta Oy, a
wholly-owned subsidiary of UPM, currently holds 614,500 stock options 2007A,
which will not be used for share subscription. 

Each stock option 2007B entitles its holder to subscribe for one UPM share at a
subscription price of EUR 6.24. The share subscription period is from 1 October
2011 to 31 October 2013. 

Shares will establish shareholders rights as of the date of share registration.

As a result of the exercise of the outstanding stock options 2007B, the number
of UPM's shares may increase by a maximum of 4,385,500 new shares. 

Evli Bank Plc acts as a subscription place for share subscriptions with UPM
2007 stock options. 

The terms and conditions of UPM Stock Options 2007 and further information are
available on the company's website www.upm.com > Investors > Share > Option
programs. 

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

UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
media@upm.com

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