Disclosure under Chapter 2 Section 9 of the Securities Market Act

(UPM, Helsinki, Major shareholders announcement 27 July 2009 at 11:45) - UPM-Kymmene Corporation (Business ID 1041090-0) has received a disclosure under Chapter 2, Section 9 of the Securities Market Act, according to which the holding of the below listed mutual funds and separate accounts managed by the affiliated investment advisers of Franklin Resources, Inc. (trade registration number 13-2670991) in UPM decreased below 5 percent and amounted to 3.73% of the paid up share capital and 4.97% of the total votes pertaining to UPM's share capital.

On 16 July 2009, the total number of UPM shares owned by the mutual funds of Franklin Resources, Inc., including the shares of the share capital and related voting rights, were as follows:


Fund Number Proportion of share capital (%) Proportion of voting rights (%)
Franklin Templeton Investments (Asia) Limited - 0.00 0.00
Franklin Templeton Investments Australia Limited 3,620 0.00 0.00
Franklin Templeton Investments Corp. 499,232 0.10 0.10
Franklin Templeton Investment Management Limited 578,027 0.11 0.11
Templeton Asset Management Ltd. 1,087,262 0.21 0.21
Templeton Global Advisors Limited 15,760,720 3.03 3.03
Templeton Investment Counsel, LLC 1,477,599 0.28 0.28
Total 19,406,460 3.73 % 3.73 %


On 16 July 2009, the holdings of voting rights by affiliated advisers of Franklin Resources, Inc. under account management agreements were as follows:

Adviser Number Proportion of voting rights (%)
Franklin Templeton Investments (Asia) Limited 1,069,781 0.21
Franklin Templeton Investments Australia Limited 124,266 0.02
Franklin Templeton Investments Corp. 1,736,680 0.33
Franklin Templeton Investment Management Limited 22,100 0.00
Franklin Templeton Portfolio Advisors, Inc. 1,711 0.00
Templeton Asset Management Ltd. - 0.00
Templeton Global Advisors Limited 1,771,902 0.34
Templeton Investment Counsel, LLC 1,718,921 0.33
Total 6,445,361 1,24 %