UPM-Kymmene Corporation      Managers’ Transactions         26 February 2020 at 08:00 EET
  UPM-Kymmene Corporation: Managers’ Transactions (Schaur)
  UPM-Kymmene Corporation has on 25 February 2020 received the following notification: 
  Person subject to the notification requirement
Name: Schaur, Winfried
Position: Other senior manager
Issuer: UPM-Kymmene Corporation
LEI: 213800EC6PW5VU4J9U64
  Notification type: INITIAL NOTIFICATION
____________________________________________
  Transaction date: 2020-02-24
Venue not applicable
Instrument type: SHARE
ISIN: FI0009005987
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
  Transaction details
(1): Volume: 15,744 Unit price: 0.00 EUR
  Aggregated transactions
(1): Volume: 15,744 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
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com
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