UPM-Kymmene Corporation ANNOUNCEMENT 02.11.2007 SHARE REPURCHASE 02.11.2007 Helsinki Stock Exchange Trade date 02.11.2007 Bourse trade PURCHASE Share UPM1V Amount 510 000 shares Total cost 7 737 422.49 EUR Average price / share 15.1714 EUR Highest price / share 15.40 EUR Lowest price / share 15.02 EUR UPM-Kymmene Corporation now holds 14 040 000 shares including the shares repurchased on 02.11.2007. On behalf of UPM-Kymmene Corporation HANDELSBANKEN CAPITAL MARKETS Juha Kolehmainen Mauritz Heikkilä