UPM-Kymmene - Changes in company's own shares

SHARE REPURCHASE 31.10.2007

UPM-Kymmene Corporation        ANNOUNCEMENT        31.10.2007



SHARE REPURCHASE 31.10.2007

Helsinki Stock Exchange

Trade date                                         31.10.2007
Bourse trade                                       PURCHASE
Share                                              UPM1V
Amount                                             660 000 shares
Total cost                                         10 227 965.13  EUR
Average price / share                              15.4969        EUR
Highest price / share                              15.75          EUR
Lowest price / share                               15.00          EUR


UPM-Kymmene Corporation now holds 12 880 000 shares
including the shares repurchased on 31.10.2007.



On behalf of UPM-Kymmene Corporation

HANDELSBANKEN CAPITAL MARKETS

Juha Kolehmainen                   Mauritz Heikkilä