Amer Sports - Company Announcement

Amer Sports' Rights Offering oversubscribed

STOCK EXCHANGE RELEASE
October 20, 2009 at 9:30 am

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.

According to preliminary calculations, a total of approximately 72.1
million shares were applied to be subscribed for in Amer Sports
Corporation's ("Amer Sports") rights offering. Compared to a total of
approximately 48.5 million shares offered, this represents a total
subscription level of 148.8%. Due to the oversubscription, the
underwriting commitments by J.P. Morgan and Pohjola will not be
utilized.

Of the total shares offered, approximately 98.9% were subscribed for
with subscription rights and the remainder without subscription
rights. New shares subscribed for without subscription rights will be
allocated first to  investors who subscribed for new shares by
exercise of subscription rights and then to investors who subscribed
for new shares without subscription rights, according to allocation
principles described in the prospectus published on September 28,
2009.

Approximately 9,900 investors participated in the rights offering.
The final outcome of the rights offering is expected to be announced
on or about October 23, 2009.

Roger Talermo, President and CEO"The rights offering strengthens Amer Sports' balance sheet and
provides the company with financial, operational and strategic
flexibility, enabling Amer Sports to execute on its strategy."

Trading in interim shares representing the new shares will commence
on the NASDAQ OMX Helsinki today, October 20, 2009. All shares
subscribed for in the rights offering are expected to be registered
with the Finnish Trade register on or about October 26, 2009, after
which the interim shares will be combined with Amer Sports' existing
shares. Trading in the new shares alongside the existing shares is
expected to commence on or about October 27, 2009.

J.P. Morgan and Pohjola Corporate Finance acted as Joint Global
Coordinators, Joint Lead Managers and Joint Bookrunners for the
rights offering.

Helsinki, October 20, 2009
AMER SPORTS CORPORATION
Board of Directors

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 one of 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 Corporate Finance 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
Corporate Finance 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 Corporate Finance  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(5) 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:

Amer Sports Rights Offering oversubscribed.pdf