UPM-Kymmene - Corporate Action

UPM applies for listing of stock potions 2007C

UPM-Kymmene Corporation              Corporate action                 17
September 2012 at 9.00       Helsinki 

UPM-Kymmene Corporation applies for listing of stock option rights 2007C of
UPM-Kymmene Corporation Stock Options 2007 programme on NASDAQ OMX Helsinki
stock exchange to commence on 1 October 2012. 

A total of 5,000,000 stock options 2007C were issued. There are currently 516
key employees holding a total of 4,500,500 stock options 2007C. UPM currently
holds 499,500 stock options 2007C, which will not be used for share
subscription. 

Each stock option 2007C entitles its holder to subscribe for one share of
UPM-Kymmene Corporation at a subscription price of EUR 10.49. The share
subscription period is from 1 October 2012 to 31 October 2014. 

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

As a result of the exercise of the outstanding stock options 2007C, the number
of the UPM-Kymmene Corporation shares may increase by a maximum of 4,500,500
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. 

For further information, please contact:
Mika Mikkola, Vice President, Investor Relations, tel. +358 2041 50376.

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

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