The Capital Group Companies, Inc. funds' holding of UPM's share capital 9.78 per cent

(UPM, Helsinki, December 19, 2006) – According to Finnish Securities Market Act, Chapter 2, Section 9, UPM reports the following:

On December 15, 2006, the mutual funds of the Capital Group Companies, Inc. held a total of 51,660,753 shares of UPM-Kymmene Corporation as follows:

Capital Research and Management Company, 25,310,600 shares
Capital Guardian Trust Company, 19,816,547
Capital International, Inc., 101,228
Capital International Limited, 5,629,265
Capital International, S.A., 803,113

This holding amounts to 9.78 per cent of UPM-Kymmene Corporation's share capital.

On December 15, 2006, the mutual funds of Capital Group Companies, Inc. held a total of 41,124,250 voting rights of UPM-Kymmene Corporation as follows:

Capital Research and Management Company, 19,810,600 shares
Capital Guardian Trust Company, 16,509,900
Capital International, Inc., 77,200
Capital International Limited, 4,133,992
Capital International, S.A., 592,558

This holding amounts to 7.86 per cent of UPM-Kymmene Corporation's voting rights and share capital.