UPM to invalidate its own shares

(UPM, Helsinki, December 19, 2007 at 12:00) - The Board of Directors of UPM-Kymmene Corporation has decided to invalidate the company's own shares acquired by the company, i.e. a total of 16,400,000 shares. The number of shares will therefore be reduced from 528,969,320 shares to 512,569,320 shares. The invalidating of the shares will be registered in the Trade Register on Friday December 21, 2007.

UPM-Kymmene's Annual General Meeting, held on March 27, 2007 authorised the Board to decide on the share buy back and the use of company shares.