UPM-Kymmene - Total number of voting rights and capital

Share subscriptions based on UPM stock options 2007B

UPM-Kymmene Corporation     Company Release   27 December 2012 at 10:00 EET

A total of 301,449 UPM-Kymmene Corporation new shares were subscribed for
between 1 November 2012 and 10 December 2012 under the company's stock option
rights 2007B. The entire subscription price of EUR 1,881,041.76 will be entered
in the invested unrestricted equity reserve. As a result of the share
subscriptions, the number of UPM's shares will increase to 526,124,410. 

The shares subscribed for under the stock options were registered in the Trade
Register on 27 December 2012, as of which date the new shares will establish
shareholder rights. 

Trading in the new shares will begin on NASDAQ OMX Helsinki on 28 December 2012.

The share subscription period for stock options 2007B is between 1 October 2011
and 31 October 2013. On 10 December 2012 a total of 3,231,478 stock option
rights 2007B remained unexercised. 

The terms and conditions of UPM's stock options 2007 with additional
information are available on the company's website www.upm.com. 


For further information, please contact: Mika Mikkola, Vice President, Investor
Relations, UPM, 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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