UPM-Kymmene - Company Announcement

First batches of pulp from Botnia's pulp mill in Uruguay to be shipped for test runs in the coming weeks

UPM's associated company Botnia's pulp mill in Uruguay has started up
successfully. The first batches of pulp will be shipped for test runs to UPM's
mills in China and Finland in the coming weeks. Originally the mill was
scheduled to start up in the third quarter of 2007. The delay in start-up will
not have material impact on UPM's financial results for 2007. 

The annual capacity of the Fray Bentos pulp mill is one million tons of         
eucalyptus pulp, of which UPM's share is some 510,000 tons.                     

The pulp mill is one of the most modern in the world. Designed with the most    
recent technologies available, the mill operates in compliance with the         
strictest standards set by the European Union and Uruguayan legislation.        

The total investment in the mill comes to 1.2 billion US dollars.               

Botnia S.A. is a daughter company of Oy Metsä-Botnia Ab. UPM owns 47 per cent of
Oy Metsä-Botnia Ab.                                                             

For further information, please contact:                                        
Mr Pauli Hänninen, Executive Vice President, Technology, tel. +358 204 150 543  

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

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