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2010-05-31 13:40:00 CEST 2010-05-31 13:40:14 CEST REGULATED INFORMATION Amer Sports - Company AnnouncementHelsinki Court of Appeal has dismissed all claims for damages in connection with the previous tobacco business of Amer SportsAmer Sports Corporation STOCK EXCHANGE RELEASE May 31, 2010 at 2:40 pm Judgements passed today by Helsinki Court of Appeal dismiss all claims for damages in connection with the discontinued tobacco business of Amer Sports Corporation. The Court of Appeal also ordered the claimants to reimburse Amer Sports Corporation for all legal costs, as claimed by the company. The Court of Appeal did not amend the judgements passed in the matter by Helsinki District Court in 2008, where all claims made by the claimants had also been dismissed. The judgements passed by the Court of Appeal concerned claims for damages brought by two private individuals in spring 2005, whereby they claimed damages and legal costs jointly and severally from Amer Sports Corporation and its subsidiary Amerintie 1 Oy (previously Amer-Tupakka Oy) and another tobacco manufacturer. Amer Sports Corporation divested the tobacco business in March 2004. For more information please contact: Kristiina Kemetter, Vice President, Legal Affairs, Amer Sports Corporation, tel. +358 9 7257 8217 DISTRIBUTION: NASDAQ OMX Helsinki Major media www.amersports.com <http://www.amersports.com/> AMER SPORTS CORPORATION Amer Sports (www.amersports.com <http://www.amersports.com/>) is one of the world's leading sports equipment companies 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. Amer Sports' shares have been listed on the Helsinki Stock Exchange since 1977. [HUG#1420268] |
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