Transfer of shares in the joint book-entry account

UPM-Kymmene Corporation      Changes in company's own shares         3 July 2017 at 09:30 EET

Transfer of shares in the joint book-entry account to the company's own shares

On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved on the forfeiture of shares entered in the company's joint book-entry account and of the rights attached to such shares. Shares with regard to which the registration of shareholder rights to the shareholder's book-entry account had been requested prior to the commencement of the Annual General Meeting, and which had been entered in the shareholder's book-entry account by 30 June 2017, were, however, not subject to the forfeiture of the rights.

All registration requests submitted prior to the commencement of the Annual General Meeting had been processed by 30 June 2017. Following this, the number of shares on the joint book-entry account was 180,916 and these shares have now been transferred to the company's own book-entry account.

Prior to the transfer, the company held 230,737 treasury shares. Following the transfer, the company holds 411,653 treasury shares, corresponding 0.08 per cent of the company's total number of registered shares. The Board of Directors may decide to retain, transfer or cancel the treasury shares. The total number of the company's registered shares is 533,735,699.

For further information please contact: Reeta Niemisvirta, Group Legal Counsel, UPM, tel. +358 40 359 2880

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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