UPM-Kymmene - Other information disclosed according to the rules of the Exchange

UPM comments market speculations concerning an alleged pulp mill investment in Uruguay

UPM-Kymmene Corporation       Other information disclosed according to the rules
of the Exchange         26 January 2017 at 11:10 EET

UPM comments market speculations concerning an alleged pulp mill investment in
Uruguay

UPM states that it is not engaged in negotiations on a pulp mill investment with
the Uruguayan government. As earlier announced, the company is considering
prospects and prerequisites for long-term development in Uruguay. Currently UPM
is engaged in discussions with the Government of Uruguay on infrastructure
development.

The discussions with the Government of Uruguay have proceeded in positive
spirit. The start of any investment project concerning a potential pulp mill
would require a satisfaction of several requirements, one of them being a
positive conclusion of the negotiations with the Government of Uruguay on the
infrastructure development. However, at present, the discussion have not been
concluded and a number of issues remain unsettled.

UPM will not comment on the negotiations in any further detail

UPM will inform of potential progress as required under the applicable laws and
regulations.


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

UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com

UPM
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 Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are
made of renewable raw materials and are recyclable. We serve our customers
worldwide. The group employs around 19,600 people and its annual sales are
approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM
- The Biofore Company - www.upm.com

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upmbiofore.com


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