UPM-Kymmene - Major shareholder announcements

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

UPM-Kymmene Corporation   Stock Exchange Release   14 May 2013 at 11.15 EET

UPM-Kymmene Corporation (Business ID 1041090-0) has on 13 May 2013 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 below the
threshold of 5 per cent on 10 May 2013. 

According to the announcement, the indirect holding of BlackRock, Inc. (USA Tax
ID 32-0174421, SEC CIK Code#: 0001364742) in UPM has decreased from 27,148,467
shares to 26,034,611 shares, corresponding to 4.930 per cent of UPM's shares
and voting rights. 

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

UPM, Media Desk
Mon-Fri 9:00-16:00 EET
Tel. +358 40 588 3284
media@upm.com
www.twitter.com/UPM_News

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UPM leads the integration of bio and forest industries into a new, sustainable
and innovation-driven future. Our products are made of renewable raw materials
and are recyclable. UPM consists of three Business Groups: Energy and pulp,
Paper, and Engineered materials. UPM employs approximately 22,000 people. UPM
is present in 67 countries and have production units in 17 countries. UPM's
annual sales exceed € 10 billion. UPM's shares are listed on the Helsinki Stock
Exchange. UPM - The Biofore Company - www.upm.com