Holding of JPMorgan Chase & Co. in UPM has gone below the threshold of 5 per cent

UPM-Kymmene Corporation   Stock Exchange Release   7 December 2016 at 13:30 EET

Holding of JPMorgan Chase & Co. in UPM has gone below the threshold of 5 per cent

UPM-Kymmene Corporation has on 6 December 2016 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of JPMorgan Chase & Co. in UPM shares and voting rights has gone below the threshold of 5 per cent on 5 December 2016.

UPM's registered total number of shares and voting rights amounting to 533,735,699 has been used in the calculation of percentages for the announcement.

Total positions of JPMorgan Chase & Co.:

  % of shares and voting rights (total of A) % of shares and voting rights through financial instruments (total of B) Total of both in %
(A + B)
Resulting situation on the date on which threshold was crossed or reached Below 5% threshold Below 5% threshold Below 5% threshold
Position of previous notification (if applicable) 6.56% 0.06% 6.62%

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Class/type of shares Number of shares and voting rights Number of shares and voting rights % of shares and voting rights % of shares and voting rights
ISIN code (if possible) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7)
FI0009005987   Below 5% threshold   Below 5% threshold
SUBTOTAL A Below 5% threshold Below 5% threshold

B: Financial Instruments according to SMA 9:6a

Type of financial instrument Expiration date Exercise/Conversion period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
           
           
      SUBTOTAL B    

Full chain of controlled undertakings through which the voting rights and financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name % of shares and voting rights % of shares and voting rights through financial instruments Total of both
J.P. Morgan International Bank Limited Below 5% threshold   Below 5% threshold
J.P. Morgan Investment Management Inc.
 
J.P. Morgan Trust Company of Delaware
Below 5% threshold
 
 
Below 5% threshold
Below 5% threshold
 
 
Below 5% threshold
Below 5% threshold
 
 
Below 5% threshold
JPMorgan Asset Management (Taiwan) Limited Below 5% threshold   Below 5% threshold
JPMorgan Asset Management (UK) Limited Below 5% threshold Below 5% threshold Below 5% threshold
JPMorgan Chase Bank, National Association
 
J.P. Morgan (Suisse) SA
Below 5% threshold
 
 
Below 5% threshold
Below 5% threshold Below 5% threshold
 
 
Below 5% threshold

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

UPM, Media Relations
Mon-Fri 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 Specialty Papers, 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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