UPM-Kymmene - Major shareholder announcements

Announcement under Chapter 9 Section 10 of the Securities Markets Act

UPM-Kymmene Corporation   Stock Exchange Release       21 March 2013        at
10:20 EET 

UPM-Kymmene Corporation (Business ID 1041090-0) has on 20 March 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 fallen below
the threshold of 5 per cent on 19 March 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 26,406,159
shares to 26,245,672 shares, corresponding to 4.984 per cent of UPM's shares
and voting rights. 

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

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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. The Group employs around 22,000 people and it
has production plants in 17 countries. UPM's annual sales exceed EUR 10
billion. UPM's shares are listed on the Helsinki stock exchange. UPM - The
Biofore Company - www.upm.com