UPM-Kymmene Corporation      Managers' Transactions         17 February 2017 at 15:00 EET
  UPM-Kymmene Corporation: Managers' Transactions
  UPM-Kymmene Corporation has on 17 February 2017 received the following notification:  
  Person subject to the notification requirement
Name: Jääskeläinen, Antti
Position: Other senior manager
Issuer: UPM-Kymmene Corporation
LEI: 213800EC6PW5VU4J9U64
      Notification type: INITIAL NOTIFICATION
____________________________________________
   Transaction date: 2017-02-16
Venue is not applicable
Instrument type: SHARE
ISIN: FI0009005987
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
      Transaction details
(1):  Volume: 6,920 Unit price: 0.00 EUR
   Aggregated transactions
(1):  Volume: 6,920 Volume weighted average price: 0.00 EUR
    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 19,300 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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