Amer Sports - Company Announcement

Publication of the Offering Circular relating to the Rights Offering of Amer Sports Corporation

STOCK EXCHANGE RELEASE
September 28, 2009 at 6:31 pm

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN,
SOUTH AFRICA OR THE UNITED STATES.

Amer Sports Corporation ("Amer Sports") will publish today the
offering circular related to the rights offering of 48 471 734 new
shares in Amer Sports. The offering circular, in the Finnish
language, approved by the Finnish Financial Supervisory Authority
will be available on Amer Sports' website www.amersports.com/anti2009
as of today and, as of October 5, 2009 at the subscription places for
the rights offering.

The terms and conditions of the rights offering were published in a
separate stock exchange release on September 24, 2009.

The offering circular contains following unpublished information:

AMOUNTS INCLUDED IN THE STATEMENT OF COMPREHENSIVE INCOME FOR 2007
AND 2006


EUR million e                                2007  2006
Net result*)                                 18.5  70,5

Other comprehensive income:
   Translation difference                   -25.3 -27.3
   Cash flow hedges                          -9.3   6.5
   Income taxes related to
   components of other
   comprehensive income                       2.4  -1.7
Other comprehensive income, net of tax      -32.2 -22.5
Total comprehensive income                  -13.7  48.0

Total comprehensive income attributable to:
Equity holders of the parent company        -14.1  47.8
Minority interests                            0.4   0.2

*) Audited

Goodwill and other non-current intangible assets with indefinite
useful lives broken down by business segments as of June 30, 2009

As of June 30, 2009, the amount of goodwill on Amer Sports' balance
sheet amounted to EUR 277.0 million (of which EUR 40.4 million was
attributable to the Winter and Outdoor segment, EUR 95.4 million to
the Ball Sports segment and EUR 141.2 million to the Fitness segment)
and other non-current intangible assets with indefinite useful lives
amounted to EUR 179.8 million (of which EUR 177.7 million was
attributable to the Winter and Outdoor segment and EUR 2.1 million to
the Fitness segment).

Amounts available under the committed credit facilities as of the
date of the offering circular

As of the date of this offering circular, the amount available under
the committed credit facilities was EUR 140 million. This includes
the EUR 50 million revolving credit facility entered into with
Pohjola Bank Plc in August 2009.

For more information, please contact:
Tommy Ilmoni, Vice President, IR and Corporate Communications,
tel. +358 9 7257 8233, tommy.ilmoni@amersports.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.amersports.com

AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is the world's leading sports
equipment company with internationally recognized brands, including
Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All
Amer Sports companies develop and manufacture technically advanced
products that improve the performance of active sports participants.
The Group's business is balanced by its broad portfolio of sports and
presence in all major markets.
DISCLAIMER:
J.P. Morgan and Pohjola are acting exclusively for Amer Sports and no
one else in connection with the rights offering. They will not regard
any other person (whether or not a recipient of this release) as
their respective clients in relation to the rights offering and will
not be responsible to anyone other than Amer Sports for providing the
protections afforded to their respective clients, nor for giving
advice in relation to the rights offering or any transaction or
arrangement referred to herein. No representation or warranty,
express or implied, is made by J.P. Morgan or Pohjola as to the
accuracy, completeness or verification of the information set forth
in this release, and nothing contained in this release is, or shall
be relied upon as, a promise or representation in this respect,
whether as to the past or the future. J.P. Morgan and Pohjola assume
no responsibility for its accuracy, completeness or verification and,
accordingly, disclaim, to the fullest extent permitted by applicable
law, any and all liability which they may otherwise be found to have
in respect of this release. This document is an advertisement for the
purposes of applicable measures implementing Directive 2003/71/EC
(such Directive, together with any applicable implementing measures
in the relevant home Member State under such Directive, the"Prospectus Directive"). A prospectus prepared pursuant to the
Prospectus Directive will be published in connection with any
offering of securities, and will be available at subscription
locations in Finland.

The information contained herein is not for release, publication or
distribution, directly or indirectly, in whole or in part, in or into
Australia, Canada, Hong Kong, Japan, South Africa or the United
States. The information contained herein does not constitute an offer
of securities for sale in the United States, nor may the securities
be offered or sold in the United States absent registration or an
exemption from registration as provided in the United States
Securities Act of 1933, as amended, and the rules and regulations
thereunder. There is no intention to register any portion of the
offering in the United States or to conduct a public offering of any
securities in the United States.

The information contained herein shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of the securities referred to herein in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration, exemption from registration or qualification under the
securities laws of any such jurisdiction.

This communication does not constitute an offer of securities to the
public in the United Kingdom. No prospectus has been or will be
approved in the United Kingdom in respect of the securities.
Consequently, this communication is directed only at (i) persons who
are outside the United Kingdom, (ii) persons who have professional
experience in matters relating to investments falling within Article
19(1) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "FP Order") and (iii) high net worth
entities falling within Article 49(2) of the FP Order, and other
persons to whom it may lawfully be communicated, (all such persons
together being referred to as "relevant persons"). Any investment
activity to which this communication relates will only be available
to, and will only be engaged with, relevant persons. Any person who
is not a relevant person should not act or rely on this document or
any of its contents.

Any offer of securities to the public that may be deemed to be made
pursuant to this communication in any EEA Member State that has
implemented the Prospectus Directive is only addressed to qualified
investors in that Member State within the meaning of the Prospectus
Directive.

Copies of this announcement are not being made and may not be
distributed or sent into Australia, Canada, Hong Kong, Japan, South
Africa or the United States.

Attachments:

Publication of the Offering Circular relating to the Rights Offering of Amer Sports Corporation.pdf