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UPM: The plans 2016-2018 within UPM share incentive programmes

UPM-Kymmene Corporation Stock Exchange Release 2 February 2016 at 12:30

The plans 2016-2018 within UPM share incentive programmes

UPM's Board of Directors has approved the commencement of new plans for the
period 2016-2018 within the company's two long-term share incentive
programmes: the Performance Share Plan and the Deferred Bonus Plan.

The long-term share incentive programmes consist of annually commencing new
plans subject to the approval of the Board of Directors of UPM in each case.

The earning criterion for the earning period 2016-2018 of the Performance
Share Plan is the total shareholder return during 2016-2018.

The earning criteria for the Deferred Bonus Plan are based on the Group and
each business area's EBITDA. The plan for the period 2016-2018 consists of a
one-year earning period (2016) and a two-year restriction period following
thereafter (2017-2018).

The share incentive plans for the period 2016-2018 cover in total
approximately 370 participants. In case all the set performance targets are
met in full, the estimated total maximum number of shares to be delivered
under these plans is approximately 1,565,000 shares. The above indicated
estimate of the maximum share rewards represents the gross value of the
rewards of which the applicable taxes will be deducted before the shares are
delivered to the participants.

Share delivery will be executed by using already existing shares and the
plans, therefore, have no dilutive effect. Besides the attainment of the
performance criteria the share reward under both plans is subject to the
continuation of the employment. The share rewards earned on the basis of the
plans for the period 2016-2018 will be delivered in 2019.

For further information please contact:

Riitta Savonlahti, Executive Vice President, Human Resources, tel. +358 204 15

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

UPM, Media Relations

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 Paper Asia, UPM Paper Europe and North America and UPM
Plywood. Our products are made of renewable raw materials and are recyclable.
We serve our customers worldwide. 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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UPM via Globenewswire


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