UPM-Kymmene - Major shareholder announcements

Norges Bank’s holding in UPM has fallen below the threshold of 5 per cent

UPM-Kymmene Corporation   Stock Exchange Release   4 April 2014 at 17.10 EET

UPM-Kymmene Corporation has on 4 April 2014 received an announcement under
Chapter 9, Section 5 of the Securities Markets Act, according to which Norges
Bank's (The Central Bank of Norway) holding in UPM has fallen below the
threshold of 5 per cent on 3 April 2014 after a share lending transaction where
Norges Bank is the lender. 

According to the announcement, Norges Bank's holding in UPM has decreased from
28,085,201 to 24,755,201 shares, corresponding to 4.65 per cent of UPM's shares
and voting rights. UPM's registered total number of shares and voting rights
amounting to 532,149,381 has been used in the calculation of percentages for
the announcement. 

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

UPM, Media Desk
Mon-Fri 9:00-16:00 EET
Tel. +358 40 588 3284
media@upm.com
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Through the renewing of the bio and forest industries, UPM is building a
sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM
Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood.
Our products are made of renewable raw materials and are recyclable. We serve
our customers worldwide. The group employs around 21,000 people and its annual
sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX
Helsinki. UPM - The Biofore Company - www.upm.com