UPM-Kymmene - Company Announcement

Two new members proposed for UPM-Kymmene Corporation's Board of Directors

Based on the recommendation of the Nominating and Corporate Governance Committee
UPM's Board of Directors proposes to the coming Annual General Meeting of       
Shareholders in the spring 2008 that the Board be composed of 10 members.       

The Chairman of the Board, Mr Vesa Vainio, the Vice-Chairman, Mr Jorma Ollila   
and Ms Françoise Sampermans will not be available for re-election for the coming
term.                                                                           

Upon Nominating and Corporate Governance Committee's recommendation UPM Board of
Directors proposes that the current members Mr Berndt Brunow, Mr Michael C.     
Bottenheim, Mr Karl Grotenfelt, Mr Georg Holzhey, Ms Wendy E. Lane, Mr Jussi    
Pesonen, Ms Ursula Ranin and Mr Veli-Matti Reinikkala be re-elected for a new   
one year term that will continue until the Annual General Meeting 2009.         
Additionally, the Committee proposes that Mr Matti Alahuhta and Mr Björn        
Wahlroos be elected as new Board members for the same term.                     

Below a short introduction to the proposed new members:                         

Mr Matti Alahuhta, b.1952, D.Sc.(Eng.)                                          

Matti Alahuhta is President & CEO of KONE Corporation, one of the world's       
leading elevator and escalator companies, since 2006. He is member of the Board 
of KONE Corporation since 2003. Prior to joining KONE Corporation as President  
in 2005, Mr Alahuhta served as Executive Vice President of Nokia Corporation    
2004, as President of Nokia Mobile Phones 1998-2003, and as President of Nokia  
Telecommunications 1993-1998.                                                   

His current key positions of trust are Chairman of the Foundation Board of the  
International Institute for Management Development (IMD, Switzerland), Chairman 
of the Board for the Centennial Foundation of Technology Industries of Finland  
and Board Member of BT Group.                                                   

Mr Björn Wahlroos, b. 1952, Ph.D.(Econ.)                                        

Björn Wahlroos is President and CEO of Sampo plc, a leading Finnish financial   
services group. He spent the early years of his career in academia in Finland   
and in the United States.                                                       

In 1985 Björn Wahlroos was appointed to the Board of Management of Union Bank of
Finland and took over the responsibility for its equity investments. He became  
executive vice president and head of the bank's investment banking and treasury 
operations in 1989. In 1992 he led a group of bankers from UBF in forming the   
investment banking partnership Mandatum & Co, which eventually became one of the
leading advisors of mergers and acquisitions in Scandinavia and, after its      
takeover of Interbank in 1998, a significant provider of private banking and    
wealth management services as well.                                             

Following the merger of Mandatum into the banking and insurance group           
Sampo-Leonia, Björn Wahlroos took over as its President and CEO in 2001. He has 
since headed the reorganization of that group into what today is Sampo plc., the
largest insurance group in Scandinavia.                                         

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

DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
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www.upm-kymmene.com                                                             


UPM, Corporate Communications                                                   
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