UPM supplements its Remuneration Policy to be presented for the Annual General Meeting on 4 April 2024

UPM-Kymmene Corporation        Stock Exchange Release (Other information disclosed according to the rules of the Exchange)        14 March 2024 at 16:00 EET

UPM supplements its Remuneration Policy to be presented for the Annual General Meeting on 4 April 2024

UPM has today supplemented its Remuneration Policy to be presented for the Annual General Meeting on 4 April 2024. Amendment is made to section “5.2 CEO’s service agreement” by adding information on the President and CEO’s existing termination benefits from the corporate website to this section. The supplemented Remuneration Policy is available on the corporate website at www.upm.com/agm2024.

The main terms of the President & CEO’s service contract, including the termination benefits, are at all times available at UPM’s website at www.upm.com.

UPM-Kymmene CorporationPirkko HarrelaExecutive Vice President, Stakeholder Relations

UPM, Media RelationsMon-Fri 9:00–16:00 EETtel. +358 40 588 3284media@upm.com

UPMWe 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 16,600 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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