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2010-11-09 08:00:00 CET 2010-11-09 08:00:54 CET REGULATED INFORMATION Amer Sports - Company AnnouncementClaimants have withdrawn their petition for leave to appeal and their appeal to the Supreme Court in a case connected to Amer Sports' discontinued tobacco businessAmer Sports Corporation STOCK EXCHANGE RELEASE November 9, 2010 at 9:00 am According to information received by Amer Sports Corporation, the two private individuals who brought claims for damages against Amer Sports Corporation in 2005 in connection with its discontinued tobacco business have withdrawn their petition for leave to appeal and their appeal in the Supreme Court. The judgment passed by the Helsinki Court of Appeal on May 31, 2010 will thus be the final ruling on the matter. The Court of Appeal dismissed all claims for damages against Amer Sports Corporation. The Court of Appeal did not amend the judgments passed in the matter by Helsinki District Court in 2008, where all claims made by the claimants had also been dismissed. The case concerned claims for damages brought by two private individuals, 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 fully divested the tobacco business in March 2004. For further 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 AMER SPORTS Amer Sports (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 are quoted on the NASDAQ OMX Helsinki. [HUG#1460324] |
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