Higher wood costs pressure UPM's result in Q3

(UPM, Helsinki, October 15, 2007 at 13:00) – Due to the rise in costs, particularly wood costs, and the strengthened euro, UPM's operating profit excluding special items will be somewhat below the 2006 level in the third quarter 2007.

However, for the full year 2007 the Group operating profit excluding special items is forecast to exceed that of 2006. Paper deliveries in Q3 have materialised according to the second quarter outlook.

UPM will publish its January-September Interim Report on October 30, 2007 approximately at 12:00 (Finnish time).

For more information, please contact:
Mr Jyrki Salo, CFO, UPM, tel. +358 204 15 0011
Mr Olavi Kauppila, Senior Vice President, Investor Relations, UPM,
tel. +358 204 15 0658