Subscription of UPM shares based on stock options 2002D

(UPM, Helsinki, May, 2, 2007 at 16.00) - The share subscription period for UPM-Kymmene Corporation stock options 2002D ended on April 30, 2007. At the end of the share subscription period, the share subscription price for the stock option 2002D was EUR 18.20 per share. During the entire share subscription period, a total of 2,853,645 stock options 2002D were used for the subscription of shares. In total 5,707,290 shares were subscribed, which represents 1.10% of the current total number of UPM shares (523,262,030).

An application for listing the increase in the number of shares based on the subscriptions with stock options 2002D in the Finnish Trade Register will be submitted by the end of May 2007.