Munksjö and Ahlstrom to complete the combination of Ahlstrom's Label and Processing business in Brazil with Munksjö

Helsinki, Finland, 2013-11-25 16:30 CET (GLOBE NEWSWIRE) --

MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE, 25 November, 2013 at 4.30 pm CET


Munksjö Oyj (Munksjö) and Ahlstrom Corporation (Ahlstrom) have today agreed to
complete the combination of Ahlstrom's Label and Processing business in Brazil
(Coated Specialties) with Munksjö. The Boards of Munksjö and Ahlstrom are
expected to formally resolve on the execution of the Coated Specialties
demerger on 29 November, 2013 and to notify the execution of the demerger for
registration with the Finnish Trade Register on 2 December, 2013.

The demerger is the final step in the process through which Munksjö AB and
Ahlstrom's Label and Processing business are combined.

As part of the Coated Specialties completion, Munksjö and Ahlstrom have agreed
that Ahlstrom is responsible for the detachment process of the real estate in
Jacarei, Brazil, and the transfer of the real estate to Munksjö. The parties
have also agreed on a warranty arrangement covering potential financial
consequences in the event that the real estate transfer to Munksjö cannot be
carried out.

In the Coated Specialties demerger the shareholders of Ahlstrom will receive as
demerger consideration 0.265 new shares in Munksjö for each share owned in
Ahlstrom. The number of new shares to be issued as demerger consideration will
be determined based on the shareholding in Ahlstrom and taking into account all
trades made, although not settled, in Ahlstrom's shares by the end of the day
when the Boards of Ahlstrom and Munksjö have resolved on the execution of the
demerger, expected to occur on 29 November, 2013.

An estimated total of 12 363 370 new shares in Munksjö Oyj will be issued as
demerger consideration to Ahlstrom's shareholders in the Coated Specialties
demerger. In case the number of shares received by a shareholder of Ahlstrom as
demerger consideration would be a fractional number, the fractions shall be
rounded down to the nearest whole number. No demerger consideration will be
paid on the basis of own shares held by Ahlstrom.

The new shares to be issued by Munksjö as demerger consideration to Ahlstrom's
shareholders are expected to be registered with the Finnish Trade Register on 2
December, 2013. The new shares carry a right to dividend and other shareholder
rights as from their registration with the Finnish Trade Register.

More information on the Coated Specialties demerger and the demerger
consideration is available on the company's investor website,

Munksjö Oyj

For more information, please contact:
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026

Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 3,000 employees. Production facilities
are located in France, Sweden, Germany, Italy, Spain and China. Munksjö Oyj is
listed on NASDAQ OMX Helsinki.


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amended. Ahlstrom Corporation, Munksjö AB and Munksjö Oyj have not registered,
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