UPM-Kymmene - Corporate Action

Share subscriptions based on UPM stock options 2007B

UPM-Kymmene Corporation    Stock Exchange Release    6 June 2013 at 10:15 EET

A total of 88,447 UPM-Kymmene Corporation new shares were subscribed for
between 22 March 2013 and 24 May 2013 under the company's stock option rights
2007B. The entire subscription price of EUR 551,909.28 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 528,198,947. 

The shares subscribed for under the stock options were registered in the Trade
Register on 6 June 2013, as of which date the new shares will establish
shareholder rights. 

Trading in the new shares will begin on NASDAQ OMX Helsinki on 7 June 2013.

The share subscription period for stock options 2007B started on 1 October 2011
and will end on 31 October 2013. On 24 May 2013, a total of 1,156,941 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. 

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

UPM Media Desk
tel. +358 40 588 3284 (9-16 EET)
media@upm.com
www.upm.com
www.twitter.com/UPM_News

UPM leads the integration of bio and forest industries into a new, sustainable
and innovation-driven future. Our products are made of renewable raw materials
and are recyclable. UPM consists of three Business Groups: Energy and pulp,
Paper, and Engineered materials. The Group employs around 22,000 people. We are
present in 67 countries and have production units in 17 countries. UPM's annual
sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki stock
exchange. UPM - The Biofore Company - www.upm.com