Norges Bank's holding of UPM's share capital 5 per cent


UPM-Kymmene Corporation Major shareholders announcement 24 October 2008 at 17:00

According to Finnish Securities Market Act, Chapter 2, Section 9, UPM reports   
the following:                                                                  

As a result of a share transaction concluded on 22 October 2008, the holdings  
of Norges Bank (Central Bank of Norway, organization number 937 884 117) now    
represent 5 per cent of the share capital of UPM-Kymmene Corporation.           

According to the information received by UPM, holding of Norges Bank is         
26,067,273 shares, which represent 5.01 per cent of UPM's share capital and     
voting rights.                                                                  

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

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NASDAQ OMX Helsinki Ltd                                                         
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www.upm-kymmene.com                                                             

UPM, Corporate Communications:                                                  
Media Desk tel. +358 40 588 3284                                                
communications@upm-kymmene.com