Franklin Resources, Inc.'s holding of UPM's share capital below 5 per cent

(UPM, Helsinki, April 21, 2009 at 10:25) - According to Finnish Securities Market Act, Chapter 2, Section 9, UPM reports that on 17 April 2009, the holding of the below listed mutual funds and separate accounts managed by the affiliated investment advisers of Franklin Resources, Inc. in UPM represented 4.79 per cent of the share capital and 6.53 per cent of the total votes pertaining to such share capital.

On 17 April 2009, the holdings of the mutual funds of Franklin Resources, Inc. in UPM were as follows:


Number Proportion of share capital (%) Proportion of voting rights (%)
Franklin Templeton Investments (Asia) Limited 50,976 0.01 0.01
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 21,208,300 4.08 4.08
Templeton Investment Counsel, LLC 1,477,599 0.28 0.28
Total 24,905,016 4.79 % 4.79 %

On 17 April 2009, the holdings of voting rights by affiliated advisers of Franklin Resources, Inc. under account management agreements were as follows:

Advisor Number Proportion of voting rights (%)
Franklin Templeton Investments (Asia) Limited 1,386,741 0.27
Franklin Templeton Investments Australia Limited 124,266 0.02
Franklin Templeton Investments Corp. 2,399,348 0.46
Franklin Templeton Investment Management Limited 37,580 0.01
Franklin Templeton Portfolio Advisors, Inc. 393,113 0.08
Templeton Asset Management Ltd. 450,990 0.09
Templeton Global Advisors Limited 2,108,153 0.41
Templeton Investment Counsel, LLC 2,153,270 0.41
Total 9,053,461 1.74 %