UPM-Kymmene - Company Announcement

Higher wood costs pressure UPM's result in Q3

Due to the rise in costs, particularly wood costs, and the strengthened euro,   
UPM's operating profit excluding special items will be somewhat below the 2006  
level in the third quarter 2007.                                                

However, for the full year 2007 the Group operating profit excluding special    
items is forecast to exceed that of 2006. Paper deliveries in Q3 have           
materialised according to the second quarter outlook.                           

UPM will publish its January-September Interim Report on October 30, 2007       
approximately at 12:00 (Finnish time).                                          

For more information, please contact:                                           
Mr Jyrki Salo, CFO, UPM, tel. +358 204 15 0011                                  
Mr Olavi Kauppila, Senior Vice President, Investor Relations, UPM,              
tel. +358 204 15 0658                                                           

UPM-Kymmene Corporation                                                         

Pirkko Harrela                                                                  
Executive Vice President, Corporate Communications                              

DISTRIBUTION                                                                    
OMX Nordic Exchange Helsinki                                                    
New York Stock Exchange                                                         
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www.upm-kymmene.com