UPM-Kymmene - Company Announcement

UPM's operating profit for the year 2008 is lower than estimated

UPM-Kymmene Corporation   Stock Exchange Release  27 January 2009  at 13:30     

UPM's operating profit excluding special items for the fourth quarter of 2008 is
EUR 46 million negative. That includes a write down of wood inventory. Operating
profit excluding special items for the year 2008 is EUR 513 million vs. EUR 835 
million in 2007.                                                                

In December 2008, UPM estimated its deliveries to decrease in all of its        
businesses more than anticipated. In addition to low delivery volumes the       
company cut production in order to lower inventories. Cost efficiency of        
production decreased during the last quarter.                                   

UPM will publish the Financial Review for the year 2008 on 5 February 2009.     

For further information, please contact:                                        
Mr Olavi Kauppila, Senior Vice President, Investor Relations, tel. +358 204 15  
0658                                                                            

UPM, Corporate Communications                                                   
Media Desk, tel. +358 40 588 3284                                               
communications@upm-kymmene.com                                                  

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

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