UPM-Kymmene Corporation ANNOUNCEMENT 01.11.2007 SHARE REPURCHASE 01.11.2007 Helsinki Stock Exchange Trade date 01.11.2007 Bourse trade PURCHASE Share UPM1V Amount 650 000 shares Total cost 9 903 981.34 EUR Average price / share 15.2369 EUR Highest price / share 15.50 EUR Lowest price / share 14.99 EUR UPM-Kymmene Corporation now holds 13 530 000 shares including the shares repurchased on 01.11.2007. On behalf of UPM-Kymmene Corporation HANDELSBANKEN CAPITAL MARKETS Juha Kolehmainen Mauritz Heikkilä