UPM'S SHARE CAPITAL INCREASE BASED ON SUBSCRIPTIONS FOR SHARE OPTIONS


A total of 1,300 UPM Kymmene Corporation share options 2002E were used for the
subscription of 2,600 shares from December 9, 2006 to February 28, 2007. The
shares have been registered in the Finnish Trade Register on March 21, 2007. 

As a result of the subscriptions, UPM's share capital was increased by 2,600
new shares, i.e., by EUR 4,420. After the registration, the total number of UPM
shares is 523,262,030 and the share capital of the company is now EUR
889,545,451.00. 

Dividend rights and other shareholder rights shall begin when the increase of
the share capital has been registered on the Trade Register of Finland. An
application has been submitted for listing the new shares together with the old
shares at the stock exchange list of the Helsinki Exchanges as of March 22,
2007. 

UPM-Kymmene Corporation

Pirkko Harrela
Executive Vice President, Corporate Communications

DISTRIBUTION
Helsinki Exchanges
New York Stock Exchange
Main media
www.upm-kymmene.com