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UPM-Kymmene Corporation launches consent solicitation from holders of certain outstanding notes

ID: 1431495
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(Thomson Reuters ONE) -

(UPM, Helsinki, 29 April 2016 at 11:30 EET) - UPM-Kymmene Corporation launches a
consent solicitation process to solicit consents from the holders of the
outstanding notes of certain series of notes issued pursuant to its Global
Medium Term Note (GMTN) Programme to amend the terms and conditions of such
notes. UPM announced on 10 December 2015 a plan to change its corporate
structure to better match its current business structure. The amendments to the
terms and conditions of the notes are one of the requirements for implementing
the plan.

The details of the consent solicitation and the proposed amendments are
described in more detail in the attached Luxembourg Stock Exchange Launch
Announcement and the Consent Solicitation Memorandum referred to therein.

For more information please contact:
Juha Forsius, SVP, Treasury and Risk Management,Tel. +358405116241


This announcement must be read in conjunction with the Consent Solicitation
Memorandum. If you are in any doubt as to the action you should take, you are
recommended to seek your own financial advice immediately from your stockbroker,
bank manager, accountant or other independent financial adviser.

Neither this announcement nor the Consent Solicitation Memorandum constitutes an
invitation to participate in the consent solicitation in any jurisdiction in
which, or to any person to or from whom, it is unlawful to make such invitation
or for there to be such participation under applicable securities laws. The
distribution or publication of this announcement or of the Consent Solicitation
Memorandum in certain jurisdictions may be restricted by law. Persons into whose
possession this announcement or the Consent Solicitation Memorandum comes are
required by UPM-Kymmene Corporation to inform themselves about, and to observe,
any such restrictions.

UPM, Media Relations
9.00-16.00 EET
tel. +358 40 588 3284

UPM leads the way in reforming bio and forest industries. We are building a
sustainable future in six business areas: UPM Biorefining, UPM Energy, UPM
Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood.
Our products are made of renewable raw materials and are recyclable. We serve a
global base of customers. The group employs around 19,600 people and its annual
sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX
Helsinki. UPM - The Biofore Company -

Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram

UPM Launch Announcement:

This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: UPM via GlobeNewswire

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Date: 04/29/2016 - 10:30
Language: English
News-ID 1431495
Character count: 3140
Firma: UPM
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Helsinki


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