UPM-Kymmene Corporation Major shareholders announcement 24 October 2008 at 17:00 According to Finnish Securities Market Act, Chapter 2, Section 9, UPM reports the following: As a result of a share transaction concluded on 22 October 2008, the holdings of Norges Bank (Central Bank of Norway, organization number 937 884 117) now represent 5 per cent of the share capital of UPM-Kymmene Corporation. According to the information received by UPM, holding of Norges Bank is 26,067,273 shares, which represent 5.01 per cent of UPM's share capital and voting rights. UPM-Kymmene Corporation Pirkko Harrela Executive Vice President, Corporate Communications DISTRIBUTION NASDAQ OMX Helsinki Ltd Main media www.upm-kymmene.com UPM, Corporate Communications: Media Desk tel. +358 40 588 3284 communications@upm-kymmene.com