UPM annual report 2014

Biggest registered shareholders at 31 December 2014

Monthly average share price and shares traded 1–12/2014 EUR

Share price in 2014 EUR

Equity per share EUR

Shares at 31 December 2014

% of all shares

% of shares

% of votes

15

20

15

14

IImarinen Mutual Pension Insurance Company

12,930,409

2.42

2.42

12

16

12

12

9

12

9

10

Mandatum Life Insurance Company

9,531,219

1.79

1.79

6

8

6

8

Varma Mutual Pension Insurance Company

8,074,488

1.51

1.51

3

4

3

6

ELO Mutual Pension Insurance Company

6,610,000

1.24

1.24

0

0

0

4

12 11 10987654321

10

11

12

13

14

1 2 3 4 5 6 7 8 9 10 11 12

The Local Government Pensions Institution

4,521,794

0.85

0.85

■ Monthly average share price, EUR Shares traded, %

The State Pension Fund

4,230,000

0.79

0.79

Svenska litteratursällskapet i Finland

3,868,600

0.72

0.72

UPM share price 2010–2014 compared with indices EUR

Swiss National Bank

3,126,520

0.59

0.59

Market capitalisation EURm

Earning and dividend per share EUR

Skagen Global Verdipapirfond

2,433,683

0.45

0.45

1.5

7,500

20

Etera Mutual Pension Insurance Company

2,280,968

0.43

0.43

1.2

6,000

16

Nominees & registered foreign owners

333,204,242

62.43

62.43

0.9

4,500

12

0.6

3,000

8

Others

142,923,776

26.78

26.78

0.3

1,500

4

Total

533,735,699

100.00

100.00

0.0

0

UPM share price NASDAQ OMX Helsinki (rebased) DJ STOXX 600 (rebased) 2010 2011 2012 2013 2014 0

14 13 12 11 10

14 13 12 11 10

During 2014, the company received the following notifications of changes in holdings pursuant to Chapter 9, Section 5 of the Securities Market Act: UPM has received an announcement according to which Norges Bank’s (The Central Bank of Norway) holding in UPM has fallen below the thresh- old of 5 per cent on 3 April 2014 after a share lending transaction where Norges Bank is the lender. UPM has received an announcement according to which Norges Bank’s (The Central Bank of Norway) holding in UPM has gone above the threshold of 5 per cent on 17 April 2014 after a share lend- ing transaction where Norges Bank is the lender.

-2.39

■ Earnings per share ■ Dividend per share (2014: proposal)

Dividend per share (EUR) and dividend to earnings ratio (%) EUR

Shares traded on Helsinki stock exchange 2010–2014 EURm

%

%

200

1.25

2,000

25

160

1.00

1,600

20

120

0.75

1,200

15

80

0.50

800

10

40

0.25

400

5

0

0.00

0

0

14 13 12 11 10

2010 2011 2012 2013 2014

■ Dividend per share (2014: proposal)

■

Monthly trading in UPM shares on NASDAQ OMX Helsinki, EURm

Trading in UPM shares as % of total number of shares

Dividend to earnings ratio, % (2012 : neg.)

Charts in this page are unaudited.

CONTENTS

ACCOUNTS

129

130

UPM Annual Report 2014

UPM Annual Report 2014