Ahlstrom - Tender offer

Ahlstrom acquires the remaining share of its joint venture in Brazil

Ahlstrom Corporation STOCK EXCHANGE RELEASE 29.8.2008

Ahlstrom, a global leader in fiber-based materials, today announced
that it will acquire the remaining 40% of the joint venture formed in
September 2007 with Votorantim Celulose e Papel (VCP). The production
facility located in Jacarei, Brazil manufactures specialty papers.
Ahlstrom now owns 100% of the shares. The acquisition is in line with
Ahlstrom's strategy to expand its operations in the fast-growing
markets in Brazil, Russia, India and China. The price for the
acquisition is EUR 28 million.

The assets in the joint venture comprise a paper machine, and offline
coater and extensive finishing equipment at the Jacarei plant, close
to São Paolo. The annual net sales are approximately EUR 100 million.
The unit is part of Ahlstrom's Release & Label Papers business area
and serves mainly the labeling applications and certain flexible
packaging markets. Additionally, it produces coated and uncoated
paper grades for other end uses.

The demand in the South American label paper market grew strongly
during the second quarter of 2008. The global market for Ahlstrom's
release and label papers is estimated to grow by 3-4% annually with
double-digit growth rates seen in Latin America and Asia. The Release& Label Papers business area's net sales accounted for approximately
17% of the Group's net sales in the second quarter of 2008."A strong foothold in the rapidly growing labeling and packaging
markets in Latin America helps us to strengthen our position as the
leader in the global specialty paper markets. This acquisition will
also strengthen Ahlstrom's opportunities to expand its glassine
business outside Europe", comments Risto Anttonen, CEO of Ahlstrom.

The joint venture between Ahlstrom and Votorantim Celulose e Papel
(VCP) was established in September 2007. It includes a specialty
papers production facility located in the same site as the pulp mill
of VCP in Jacarei, Brazil, close to São Paolo. Ahlstrom held 60% and
VCP 40% of the shares in the joint venture. The terms of the
agreement included an option for Ahlstrom to purchase the remaining
share in the joint venture held by VCP within two years from the
original transaction. The total value of the acquisition is
approximately EUR 110 million.

Ahlstrom Corporation
Risto Anttonen, Chief Executive Officer

For further information, please contact:
Risto Anttonen, CEO, tel. +358 (0)10 888 4166

Distribution:
OMX Nordic Exchange Helsinki
Main media
www.ahlstrom.com

Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and
marketing of high performance fiber-based materials. Nonwovens and
specialty papers, made by Ahlstrom, are used in a large variety of
everyday products, such as filters, wipes, flooring, labels, and
tapes. Based upon its unique fiber expertise and innovative approach,
the company has a strong market position in several business areas in
which it operates. Ahlstrom's 6,500 employees serve customers via
sales offices and production facilities in more than 20 countries on
six continents. In 2007, Ahlstrom's net sales amounted to EUR 1.8
billion. Ahlstrom's share is listed on the OMX Nordic Exchange
Helsinki. The company website is www.ahlstrom.com.