UPM-Kymmene Corporation Major shareholders announcement 3 November 2008 at 13:30
According to Finnish Securities Market Act, Chapter 2, Section 9, UPM reports
that on 30 October 2008, the holding of the below listed mutual funds and
separate accounts managed by the affiliated investment advisers of Franklin
Resources, Inc. in UPM represented 6.72 per cent of the share capital and 9.94
per
cent of the total votes pertaining to such share capital.
On 30 October 2008, the holdings of the mutual funds of Franklin Resources, Inc.
in UPM were as follows:
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| Fund | Number | Proportion of | Proportion of |
| | | share capital (%) | voting rights |
| | | | (%) |
--------------------------------------------------------------------------------
| Franklin Advisers, | 45,640 | 0.01 | 0.01 |
| Inc. | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 65,956 | 0.01 | 0.01 |
| Investments (Asia) | | | |
| Limited | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 112,834 | 0.02 | 0.02 |
| Investments Australia | | | |
| Limited | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 1,897,232 | 0.36 | 0.36 |
| Investments Corp. | | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 1,677,368 | 0.32 | 0.32 |
| Investment Management | | | |
| Limited | | | |
--------------------------------------------------------------------------------
| Templeton Asset | 1,087,262 | 0.22 | 0.22 |
| Management Ltd. | | | |
--------------------------------------------------------------------------------
| Templeton Global | 26,515,481 | 5.10 | 5.10 |
| Advisors Limited | | | |
--------------------------------------------------------------------------------
| Templeton Investment | 3,528,373 | 0.68 | 0.68 |
| Counsel, LLC | | | |
--------------------------------------------------------------------------------
| Total | 34,930,146 | 6.72 % | 6.72 % |
--------------------------------------------------------------------------------
On 30 October 2008, the holdings of voting rights by affiliated advisers of
Franklin Resources, Inc. under account management agreements were as follows:
--------------------------------------------------------------------------------
| Adviser | Number | Proportion of voting rights (%) |
--------------------------------------------------------------------------------
| Fiduciary | 141 | 0.00 |
| International, Inc. | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 1,117,441 | 0.21 |
| Investments (Asia) | | |
| Limited | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 124,266 | 0.02 |
| Investments Australia | | |
| Limited | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 2,747,976 | 0.53 |
| Investments Corp. | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 2,923,234 | 0.56 |
| Investment Management | | |
| Limited | | |
--------------------------------------------------------------------------------
| Franklin Templeton | 758,708 | 0.15 |
| Portfolio Advisors | | |
--------------------------------------------------------------------------------
| Templeton Asset | 24,275 | 0.00 |
| Management Ltd. | | |
--------------------------------------------------------------------------------
| Templeton Global | 3,605,833 | 0.69 |
| Advisors Limited | | |
--------------------------------------------------------------------------------
| Templeton Investment | 5,441,131 | 1.05 |
| Counsel, LLC | | |
--------------------------------------------------------------------------------
| Total | 16,743,005 | 3.22% |
--------------------------------------------------------------------------------
UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
communications@upm-kymmene.com
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main media
www.upm-kymmene.com
Franklin Resources, Inc.'s holding of voting rights in UPM below 10 per cent
| Source: UPM-Kymmene Oyj