AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE March 12, 2021 at 15:50 EET

This notice is made in respect of the EUR 100 million capital securities issued on December 13, 2019 (ISIN: FI4000411319) (the "Capital Securities") by Ahlstrom-Munksjö Oyj ("Ahlstrom-Munksjö").

On January 20, 2021 Spa Holdings 3 Oy announced that, together with certain other share purchases, its holding of the shares and voting rights in Ahlstrom-Munksjö will increase to approximately 81.0 percent after it completes its voluntary public cash tender offer to acquire all of the issued and outstanding shares in Ahlstrom-Munksjö that are not held by Ahlstrom-Munksjö or any of its subsidiaries. The settlement of such tender offer took place on February 4, 2021 and, therefore, pursuant to Condition 7.7 (Change of Control) of the terms and conditions of the Capital Securities, a Change of Control occurred and became effective on February 4, 2021. Subsequently, on February 10, 2021, Ahlstrom-Munksjö announced that the shareholding of Spa Holdings 3 Oy in Ahlstrom-Munksjö had exceeded the threshold of 90 percent.

On February 19, 2021, Ahlstrom-Munksjö announced its intent to exercise its redemption right in respect of the Capital Securities in accordance with Clause 7.7 (Change of Control) of the terms and conditions of the Capital Securities.

Ahlstrom-Munksjö announces irrevocably that on July 29, 2021, Ahlstrom-Munksjö will redeem the Capital Securities in whole at their Nominal Amount, together with any Accrued Interest (each as defined in the terms and conditions of the Capital Securities) in accordance with the terms and conditions of the Capital Securities.

Additional information

Reetta Antila, Vice President, Group Treasury, +358 50 599 3114, reetta.antila@ahlstrom-munksjo.com
Juho Erkheikki, Investor Relations Manager, +358 10 888 4731, juho.erkheikki@ahlstrom-munksjo.com