UPM applies for listing of the stock options 2005H

(UPM, Helsinki, 26 September 2008 at 09:30) – UPM applies for listing of the stock options 2005H on the stock exchange list of the OMX Nordic Exchange Helsinki starting from 1 October 2008.

The total number of stock options 2005H is 3,000,000. Each stock option entitles its holder to subscribe for one UPM-Kymmene Corporation share. In the aggregate, the stock options 2005H entitle holders to subscribe for 3,000,000 shares.

The dividends payable annually shall be deducted from the share subscription price. The current share subscription price for stock option 2005H is EUR 20.15/share. The subscription prices will be recorded in the invested non-restricted equity fund. The share subscription period with stock options 2005H will commence on 1 October 2008 and end on 31 October 2010.

Stock option 2005 terms and conditions are available on the company's website at www.upm-kymmene.com > Investor Relations > Shares > Option programs.