UPM's associated company Botnia's pulp mill in Uruguay has started
up
successfully. The first batches of pulp will be shipped for test runs to
UPM's
mills in China and Finland in the coming weeks. Originally the mill
was
scheduled to start up in the third quarter of 2007. The delay in start-up
will
not have material impact on UPM's financial results for 2007. 

The
annual capacity of the Fray Bentos pulp mill is one million tons of        

eucalyptus pulp, of which UPM's share is some 510,000 tons.                  
  

The pulp mill is one of the most modern in the world. Designed with the
most    
recent technologies available, the mill operates in compliance with
the         
strictest standards set by the European Union and Uruguayan
legislation.        

The total investment in the mill comes to 1.2 billion
US dollars.               

Botnia S.A. is a daughter company of Oy
Metsä-Botnia Ab. UPM owns 47 per cent of
Oy Metsä-Botnia Ab.                  
                                          

For further information, please
contact:                                        
Mr Pauli Hänninen, Executive
Vice President, Technology, tel. +358 204 150 543  

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


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