UPM-Kymmene - Major shareholder announcements

Announcement under Chapter 2 Section 10 of the Securities Market Act

UPM-Kymmene Oyj   Stock Exchange Release       24 October 2012        at 12.00
EET 

UPM-Kymmene Corporation (Business ID 1041090-0) has on 23 October 2012 received
an announcement under Chapter 2, Section 9 of the Securities Market Act,
according to which BlackRock Inc. indirect holding in UPM has reached 5 percent
on 19 October 2012. 

According to the announcement, the indirect holding of BlackRock Inc. (USA Tax
ID 32-0174421, SEK CIK Code#: 0001364742) in UPM has increased from 25,971,251
shares to 26,290,420 shares, corresponding to 5.0% of UPM's shares and voting
rights. 

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


UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
media@upm.com
www.upm.com