Amer Sports - Major shareholder announcements

Demand to convene an Extraordinary General Meeting

STOCK EXCHANGE RELEASE
March 5, 2009 at 5:50 pm

Novator Finland Oy owns and holds directly 14,688,900 shares
representing 20.11% of total shares and votes of Amer Sports
Corporation. In accordance with chapter 5, section 4 of the Finnish
Companies Act (624/2006), Novator Finland Oy demands that an
Extraordinary General Meeting of Amer Sports Corporation to be
convened as soon as possible:

1. To elect a new board of directors for the company to replace the
members of the Board of Directors elected in the Annual General
Meeting held on March 5, 2009.

2. To consider the following proposal for an amendment to the
Articles of Association of Amer Sports Corporation:

New section 5 to be inserted in the Articles of Association,
Nomination Committee

The company has a Nomination Committee, the duties of which include
preparation and presentation to the General Meeting of proposals for
the appointment and remuneration of members of the Board of Directors
as well as performance review and succession planning of directors.
The Nomination Committee comprises of a maximum of five members
independent of the company as well as the Chairman of the Board of
Directors as a non-voting expert member. Each of the five largest
shareholders in accordance with the shareholder list drawn up for the
last annual general meeting has the right to appoint a member of the
Nomination Committee, provided that such shareholder is a shareholder
when convening the Nomination Committee. Should a shareholder choose
not to use his right to appoint or should a shareholder cease to be a
shareholder, the right to appoint is transferred to the next largest
shareholder. The member appointed by the largest shareholder shall
convene the Nomination Committee and the Committee elects a chairman
from among its members. The remuneration of the members of the
Nomination Committee shall be resolved by the General Meeting
annually.

If the proposal is adopted, current sections 5-12 should be
renumbered accordingly.

Novator Finland Oy also proposes that the Extraordinary General
Meeting decide upon remuneration of the members of the Nomination
Committee in accordance with the new provision of the Articles of
Association if its proposal is adopted.

AMER SPORTS CORPORATION
Communications


Ms Maarit Mikkonen
Communications Manager
Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@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.

Attachments:

Demand to convene an Extraordinary General Meeting.pdf