Share subscriptions based on UPM stock options 2007B

Stock Exchange Release 5.4.2013 9:45 EEST

UPM-Kymmene Corporation            Stock Exchange Release      5 April 2013 at 09:45 EET

A total of 1,492,145 UPM-Kymmene Corporation new shares were subscribed for between 9 February 2013 and 21 March 2013 under the company's stock option rights 2007B. The entire subscription price of EUR 9,310,984.80 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 528,110,500.

The shares subscribed for under the stock options were registered in the Trade Register on 5 April 2013, as of which date the new shares will establish dividend and other shareholder rights.

Trading in the new shares will begin on NASDAQ OMX Helsinki on 8 April 2013.

The share subscription period for stock options 2007B is between 1 October 2011 and 31 October 2013. On 21 March 2013 a total of 1,245,388 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

UPM Media Desk, tel. +358 40 588 3284