BlackRock’s holding in UPM has gone below the threshold of 5 per cent

Stock Exchange Release 13.2.2015 10:50 EET

UPM-Kymmene Corporation Stock Exchange Release 13 February 2015 at 10.50 EET

BlackRock’s holding in UPM has gone below the threshold of 5 per cent

UPM-Kymmene Corporation has on 12 February 2015 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which BlackRock, Inc.’s indirect holding in UPM has gone below the threshold of 5 per cent on 11 February 2015.

According to the announcement, the indirect holding of BlackRock, Inc. in UPM has decreased from 26,867,193 shares to 26,249,166 shares, corresponding to 4.92 per cent of UPM's shares and voting rights. 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.

BlackRock, Inc.’s indirect holding is divided among its controlled undertakings as follows:

Legal Entity	Votes	Holding
BlackRock (Luxembourg) S.A.	115,903	0.02%
BlackRock (Netherlands) B.V.	211,571	0.04%
BlackRock Advisors (UK) Limited	1,891,599	0.35%
BlackRock Advisors, LLC	122,044	0.02%
BlackRock Asset Management Canada Limited	229,274	0.04%
BlackRock Asset Management Deutschland AG	597,855	0.11%
BlackRock Asset Management Ireland Limited	2,010,693	0.38%
BlackRock Asset Management North Asia Limited	3,494	0.00%
BlackRock Financial Management, Inc.	327,394	0.06%
BlackRock Fund Advisors	7,622,412	1.43%
BlackRock Fund Managers Limited	387,637	0.07%
BlackRock Institutional Trust Company, National Association	8,652,048	1.62%
BlackRock International Limited	102,411	0.02%
BlackRock Investment Management (Australia) Limited	245,377	0.05%
BlackRock Investment Management (UK) Limited	522,885	0.10%
BlackRock Investment Management, LLC	493,715	0.09%
BlackRock Japan Co., Ltd.	703,657	0.13%
BlackRock Life Limited	1,633,089	0.31%
BlackRock Asset Management Schweiz AG	2,545	0.00%
iShares (DE) I Investmentaktiengesellschaft mit Teilvermögen	373,563	0.07%
Grand Total	26,249,166	4.92%

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

UPM, Media Desk
9.00-16.00 EET
tel. +358 40 588 3284
media@upm.com

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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 20,000 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