Share subscriptions based on UPM stock options 2007B

Stock Exchange Release 20.2.2013 11:30 EET

UPM-Kymmene Corporation   Stock Exchange Release   20 February 2013 at 11:30 EET

A total of 493,945 UPM-Kymmene Corporation new shares were subscribed for between 11 December   2012 and 8 February 2013 under the company's stock option rights 2007B. The entire subscription price of EUR 3,082,216.80 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 526,618,355.

The shares subscribed for under the stock options were registered in the Trade Register on 20 February 2013, as of which date the new shares will establish shareholder rights.

Trading in the new shares will begin on NASDAQ OMX Helsinki on 21 February 2013.

The share subscription period for stock options 2007B is between 1 October 2011 and 31 October 2013. On 8 February 2013 a total of 2,737,533 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: Markus Skrabb, Group Legal Counsel, UPM
tel. +358 20 415 0256

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

UPM Media Desk, tel. +358 40 588 3284