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

Stock Exchange Release, Flagging Release 7.12.2016 13:30 EET

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
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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