JPMorgan Chase & Co.’s holding in UPM has exceeded the threshold of 5 per cent

Stock Exchange Release 7.11.2013 13:00 EET

UPM-Kymmene Corporation Stock Exchange Release 7 November 2013 at 13.00 EET

UPM-Kymmene Corporation has on 6 November 2013 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which JPMorgan Chase & Co.’s indirect holding in UPM has exceeded the threshold of 5 per cent on 5 November 2013.

According to the announcement, the indirect holding of JPMorgan Chase & Co. in UPM is 26,550,599 shares, corresponding to 5.02 per cent of UPM's shares and voting rights. UPM’s registered total number of shares and voting rights amounting to 528,704,962 shares has been used in the calculation of percentages for the announcement

JPMorgan Chase & Co.’s indirect holding is divided among its controlled undertakings as follows:

Name of shareholder	Shares and voting rights
	Number	%
JPMorgan Asset Management (UK) Limited	13,337,650	2.52
J.P. Morgan Investment Management Inc.	10,083,701	1.91
JPMorgan Asset Management (Taiwan) Limited	81,241	0.02
JPMorgan Chase Bank, National Association	3,048,007	0.58
Total	26,550,599	5.02

The chain of the aforementioned controlled undertakings of JPMorgan Chase & Co. is the following:

JPMorgan Chase & Co.
JPMorgan Asset Management Holdings Inc. (100 %)
JPMorgan Asset Management International Limited (100%)
JPMorgan Asset Management Holdings (UK) Limited (100%)
JPMorgan Asset Management (UK) Limited (100%)

JPMorgan Chase & Co.
JPMorgan Asset Management Holdings Inc. (100%)
J.P. Morgan Investment Management Inc. (100%)

JPMorgan Chase & Co.
JPMorgan Asset Management Holdings Inc. (100%)
JPMorgan Asset Management (Asia) (100%)
JPMorgan Asset Management (Taiwan) Limited (100%)

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)

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

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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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 Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The Group employs around 22,000 people and our annual sales exceed € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com