UPM-Kymmene - Company Announcement

The district court dismissed the claim of Metsähallitus

UPM-Kymmene Corporation      Stock Exchange Release         22 June 2016 at
13:40 EET

The District Court dismissed the claim of Metsähallitus


The Helsinki District Court has today rendered a judgement whereby it has
dismissed the damages claim of Metsähallitus against UPM, Stora Enso Corporation
and Metsäliitto Cooperative, which was based on the competition restriction
concerning the raw wood market found by the Marker Court decision of 3 December
2009.

The District Court ordered Metsähallitus to pay UPM compensation for legal
expenses.

According to Metsähallitus' claim, the forestry companies had caused damage to
Metsähallitus on the basis of the competition restriction found by the Market
Court decision of 3 December 2009. Metsähallitus claimed that due to the
competition restriction the forestry companies had paid underprice to
Metsähallitus in raw wood sales contracts. The capital amount of Metsähallitus'
claim was in total approximately EUR 159.4 million, of which approximately EUR
22.6 million was based on agreements between Metsähallitus and UPM.

UPM agrees with the District Court ruling. UPM maintains that it has not caused
the alleged damage to Metsähallitus. Metsähallitus may appeal the District Court
judgment to the Court of Appeal.


For further information please contact:
Juha Mäkelä, General Counsel, UPM, tel. +358 20 415 0407

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

UPM, Media Relations
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 Paper Asia, 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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