UPM-Kymmene Corporation Major shareholders announcement 21 April 2009
Franklin Resources, Inc.'s holding of UPM's share capital below 5 per cent
According to Finnish Securities Market Act, Chapter 2, Section 9, UPM reports
that on 17 April 2009, the holding of the below listed mutual funds and
separate accounts managed by the affiliated investment advisers of Franklin
Resources, Inc. in UPM represented 4.79 per cent of the share capital and 6.53
per cent of the total votes pertaining to such share capital.
On 17 April 2009, the holdings of the mutual funds of Franklin Resources, Inc.
in UPM were as follows:
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| | Number | Proportion of | Proportion of |
| | | share capital | voting rights |
| | | (%) | (%) |
--------------------------------------------------------------------------------
| Franklin Templeton | 50,976 | 0.01 | 0.01 |
| Investments (Asia) | | | |
| Limited | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 3,620 | 0.00 | 0.00 |
| Investments Australia | | | |
| Limited | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 499,232 | 0.10 | 0.10 |
| Investments Corp. | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 578,027 | 0.11 | 0.11 |
| Investment Management | | | |
| Limited | | | |
--------------------------------------------------------------------------------
| Templeton Asset | 1,087,262 | 0.21 | 0.21 |
| Management Ltd. | | | |
--------------------------------------------------------------------------------
| Templeton Global Advisors | 21,208,300 | 4.08 | 4.08 |
| Limited | | | |
--------------------------------------------------------------------------------
| Templeton Investment | 1,477,599 | 0.28 | 0.28 |
| Counsel, LLC | | | |
--------------------------------------------------------------------------------
| Total | 24,905,016 | 4.79 % | 4.79 % |
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On 17 April 2009, the holdings of voting rights by affiliated advisers of
Franklin Resources, Inc. under account management agreements were as follows:
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| Advisor | Number | Proportion of voting rights (%) |
| | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 1,386,741 | 0.27 |
| Investments (Asia) Limited | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 124,266 | 0.02 |
| Investments Australia | | |
| Limited | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 2,399,348 | 0.46 |
| Investments Corp. | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 37,580 | 0.01 |
| Investment Management | | |
| Limited | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 393,113 | 0.08 |
| Portfolio Advisors, Inc. | | |
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| Templeton Asset Management | 450,990 | 0.09 |
| Ltd. | | |
--------------------------------------------------------------------------------
| Templeton Global Advisors | 2,108,153 | 0.41 |
| Limited | | |
--------------------------------------------------------------------------------
| Templeton Investment | 2,153,270 | 0.41 |
| Counsel, LLC | | |
--------------------------------------------------------------------------------
| Total | 9,053,461 | 1.74 % |
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UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
communications@upm-kymmene.com
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications
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