UPM Annual Report 2016 published

Stock Exchange Release 28.2.2017 9:45 EET

UPM's Annual Report 2016 has been published online at www.upm.com and www.upm.fi. The Annual Report including the company's Financial Statements and the Report of the Board of Directors for the period 1 January - 31 December 2016 is available in English and Finnish as a PDF file on the corporate website.

UPM has also published its Corporate Governance Statement 2016 and the Remuneration Statement dated 28 February 2017 on the corporate website in the Investors section under Governance (www.upm.com/governance). The statements are available as PDF files in English and in Finnish and can be downloaded. The Annual Report and the statements are also attached to this release.

UPM's Annual Report illustrates the essential information influencing UPM's long term success. Separate responsibility report is not published, but all information is integrated into one, third-party assured entirety. In the 2016 Annual Report, UPM highlights the results of the company transformation and reports how UPM creates economic, social and environmental value from its operations.

The printed Annual Report will be published on the week beginning on 13 March. The printed report can be ordered via e-mail at info@upm.com.

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

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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UPM Annual Report 2016

Corporate Governance Statement 2016

Remuneration Statement 28 February 2017