Kotkamills Group Oyj - Company Announcement

Kotkamills Group Oyj: RECEIPT OF WAIVER FROM BONDHOLDERS RELATING TO STRATEGIC REVIEW OF MALAYSIAN OPERATIONS

Kotkamills Group Oyj

STOCK EXCHANGE RELEASE

15 November 2016, at 9 am (CET + 1)



As set out in Kotkamills Group Oyj's stock exchange release published on 26
October 2016, the company has initiated a strategic review process for the
purposes of evaluating strategic options concerning its indirect wholly owned
subsidiary L.P. Pacific Films ("LPPF"), a Malaysian limited liability company.
In connection with the strategic review process, Kotkamills Group Oyj initiated
on 26 October 2016 a written procedure in accordance with the terms and
conditions of Kotkamills Group Oyj's EUR 105,000,000 Senior Secured Callable
Bonds 2015/2020 (ISIN: FI4000148705) for the purposes of obtaining a consent
from the bondholders for a disposal of shares in LPPF, as required under the
terms and conditions of the bonds.



Kotkamills Group Oyj has been informed by Nordic Trustee Oy, acting as the
Trustee under the bonds, that the bondholders have given the requested consent
for a disposal of shares in LPPF in accordance with the terms and conditions of
the bonds. Nordic Trustee Oy's confirmation is attached hereto.



Kotkamills Group Oyj
Board of Directors



For additional information, please contact:



CFO Petri Hirvonen, tel.+358 40 571 0834, petri.hirvonen@kotkamills.com



DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.kotkamills.com




Kotkamills Group in brief



Kotkamills is a responsible partner that delivers renewable products and
performance to its customers' processes via product innovations created from
wood, a renewable raw material. The key brands of the company include Absorbex®
and Imprex®, both innovative laminating paper products for the laminate, plywood
and construction industries. Moreover, Kotkamills offers ecological, technically
sound and visually attractive wood products for demanding joinery and
construction. In summer 2016, Kotkamills started up a new board machine
producing AEGLE(TM) Folding Boxboard and ISLA(TM) Food Service Boards, including
the capability to add barriers on-machine. All Consumer Boards material
solutions are fully recyclable and repulpable.



Kotkamills has two production sites in Finland, located in Kotka and Imatra, and
a subsidiary L.P. Pacific Films for Imprex® production in Malaysia. The majority
shareholder of Kotkamills is MB Funds, a Finnish private equity firm.



www.kotkamills.com



Disclaimer



The information contained in this release shall not constitute an offer to sell
or the solicitation of an offer to buy securities of Kotkamills Group Oyj in any
jurisdiction.



Attachment



Confirmation from Nordic Trustee Oy




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Attachments:

Notice from written procedure - Kotkamills Group Oyj - 14112016.pdf