Share subscriptions based on UPM stock options 2007B

UPM-KYMMENE CORPORATION STOCK EXCHANGE RELEASE 13 JUNE 2012 AT 10.15 EET

A total of 3,000 UPM-Kymmene Corporation new shares were subscribed for between 21 March 2012 and 28 May 2012 under the company's stock option rights 2007B. The entire subscription price of EUR 18,720.00 will be entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of UPM's shares will increase to 525,807,161.

The shares subscribed for under the stock options were registered in the Trade Register on 13 June 2012, as of which date the new shares will establish shareholder rights.

Trading in the new shares will begin on NASDAQ OMX Helsinki on 14 June 2012.

The share subscription period for stock options 2007B is between 1 October 2011 and 31 October 2013. On 28 May 2012, a total of 3,548,727 stock option rights 2007B remained unexercised.

The terms and conditions of UPM's stock options 2007 with additional information are available on the company's website www.upm.com.

For further information, please contact:
Mika Mikkola, Vice President, Investor Relations, tel. +358 2041 50376.  

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications

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