UPM-Kymmene - Major shareholder announcements

BlackRock’s holding in UPM has gone above the threshold of 5 per cent

UPM-Kymmene Corporation   Stock Exchange Release   5 February 2015 at 12.10 EET


BlackRock's holding in UPM has gone above the threshold of 5 per cent

UPM-Kymmene Corporation has on 4 February 2015 received an announcement under
Chapter 9, Section 5 of the Securities Markets Act, according to which
BlackRock, Inc.'s indirect holding in UPM has gone above the threshold of 5 per
cent on 3 February 2015. 

According to the announcement, the indirect holding of BlackRock, Inc. in UPM
has increased from 26,372,640 shares to 26,867,193 shares, corresponding to
5.03 per cent of UPM's shares and voting rights. UPM's registered total number
of shares and voting rights amounting to 533,735,699 has been used in the
calculation of percentages for the announcement. 

BlackRock, Inc.'s indirect holding is divided among its controlled undertakings
as follows: 

Chain of controlled undertakings                  Voting rights    Percentage   
                                                   held             held        
--------------------------------------------------------------------------------
BlackRock (Netherlands) B.V.                              211,571          0.04%
--------------------------------------------------------------------------------
BlackRock Advisors (UK) Limited                         6,317,651          1.18%
--------------------------------------------------------------------------------
BlackRock Advisors, LLC                                   114,518          0.02%
--------------------------------------------------------------------------------
BlackRock Asset Management Canada Limited                 228,493          0.04%
--------------------------------------------------------------------------------
BlackRock Asset Management Deutschland AG                 930,740          0.17%
--------------------------------------------------------------------------------
BlackRock Asset Management North Asia Limited               3,494          0.00%
--------------------------------------------------------------------------------
BlackRock Financial Management, Inc.                      304,277          0.06%
--------------------------------------------------------------------------------
BlackRock Fund Advisors                                 7,570,154          1.42%
--------------------------------------------------------------------------------
BlackRock Institutional Trust Company, National         8,543,994          1.60%
 Association                                                                    
--------------------------------------------------------------------------------
BlackRock International Limited                           102,411          0.02%
--------------------------------------------------------------------------------
BlackRock Investment Management (Australia)               237,512          0.04%
 Limited                                                                        
--------------------------------------------------------------------------------
BlackRock Investment Management (UK) Ltd                1,099,228          0.21%
--------------------------------------------------------------------------------
BlackRock Investment Management, LLC                      499,493          0.09%
--------------------------------------------------------------------------------
BlackRock Japan Co., Ltd.                                 703,657          0.13%
--------------------------------------------------------------------------------
Grand Total                                            26,867,193          5.03%
--------------------------------------------------------------------------------



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

UPM, Media Desk
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 20,000 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