UPM-Kymmene Corporation: Managers’ Transactions (Gustafsson) 

UPM-Kymmene Corporation                Managers’ Transactions                        26 April 2023 at 16:00 EEST

UPM-Kymmene Corporation: Managers’ Transactions (Gustafsson) 

On 12 April 2023, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that approximately 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, a total of 1,666 shares have been purchased to Jari Gustafsson as follows:

____________________________________________
Person subject to the notification requirement
Name: Jari Gustafsson
Position: Member of the Board
Issuer: UPM-Kymmene Corporation
LEI: 213800EC6PW5VU4J9U64
Notification type: INITIAL NOTIFICATION
____________________________________________
Transaction date: 2023-04-26
Venue: Nasdaq HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009005987
Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details
(1): Volume: 1,666 Unit price: 0.00 EUR

Aggregated transactions (1):
Volume: 1,666 Volume weighted average price: 0.00 EUR
____________________________________________

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

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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,200 people worldwide and our annual sales are approximately EUR 11.7 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com
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