UPM-Kymmene Corporation

Helsinki – October 05, 2026 -- UPM-Kymmene Corporation and Sappi have received a Letter of Facts from the European Commission restating serious concerns about their proposed graphic paper Joint Venture, the companies disclosed as inside information on October 5, 2026.

Commission maintains objections despite ongoing talks

UPM and Sappi are analyzing the Letter of Facts and preparing a formal response. UPM said it disagrees with the Commission's preliminary assessment and will continue engaging with the review process, while planning to submit remedy proposals that fall short of divestments, citing the transaction's underlying rationale.

Helsinki – September 19, 2026 -- Finland's Financial Supervisory Authority approved a supplement to UPM-Kymmene Corporation's demerger and listing prospectus on September 18, 2026, formalizing Lasse von Hertzen's appointment as permanent Chief Financial Officer of WISA Group Plc, the entity being spun off from UPM.

Finnish regulator clears prospectus supplement for UPM's WISA spin-off

The approved supplement amends the Finnish-language demerger and listing prospectus tied to UPM's partial demerger, which is scheduled for completion on October 31, 2026. Trading in WISA shares on the regulated market of Nasdaq Helsinki Ltd is expected to begin on November 2, 2026, or as soon as reasonably possible thereafter. UPM is publishing the supplement on WISA's behalf, alongside unofficial English translations available via UPM's demerger information channels.

HELSINKI--