Suominen Yhtymä - Company Announcement

Suominen Corporation raised EUR 89.3 million in the share issues

Tampere, Finland, 2011-10-13 09:30 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation                         Stock exchange release 13 October 2011 at
10:30 a.m. 

Not for release, publication or distribution in or into the United States,
Australia, Japan or Canada. 

Suominen Corporation raised EUR 89.3 million in the share issues

The Board of Directors of Suominen Corporation (”Suominen” or the ”Company”)
decided on 3 October 2011 to execute a share issue to the public (the “Share
Issue”) and a share issue to the holders of Suominen's capital loan of 2008
(the “Conversion Share Issue”). The purpose of the share issues is to finance
Suominen's acquisition of Ahlstrom Corporation's Home and Personal wipes
fabrics business area (the “Transaction”). A minimum of 188,888,889 and a
maximum of 266,666,667 new shares (the “Issued Shares”) with a subscription
price of EUR 0.45 per share were offered in the Share Issue and a maximum of
8,888,889 new shares (the “New Shares”) with a subscription price of EUR 0.45
per share were offered in the Conversion Share Issue. The share subscription
period of the Share Issue and the Conversion Share Issue expired on 11 October
2011. The Board of Directors of the Company has decided to approve
subscriptions made in the Share Issue and the Conversion Share Issue. 

In the Share Issue, the Board of Directors approved the subscriptions of
193,739,111 Issued Shares corresponding to EUR 87.2 million. Subscribers will
be informed of the approval of the subscriptions on 13 October 2011.
Subscriptions must be paid no later than 14 October 2011 in accordance with the
instructions provided together with the notice of approval of the place of
subscription. 

In the Conversion Share Issue, the Board of Directors approved the
subscriptions of 4,799,997 New Shares. The total principal of the capital loan
2008 converted in the Conversion Share Issue was EUR 2.2 million. After the
payment of the subscriptions, the remaining amount of the Company's capital
loan 2008 is EUR 1.8 million. 

The shares subscribed in the Share Issue and in the Conversion Share Issue
correspond together to 418.9 per cent of all the Company's existing shares and
voting rights related thereto prior to the Share Issue and the Conversion Share
Issue and 80.7 per cent of all the existing shares, Issued Shares and New
Shares and voting rights related to them following the Share Issue and the
Conversion Share Issue. 

The shares subscribed in the Share Issue and the Conversion Share Issue will be
entered into the Trade Register around 21 October 2011. Trading in the Issued
Shares and New Shares alongside the existing shares of the Company is expected
to commence around 24 October 2011. As a result of the Share Issue and the
Conversion Share Issue the number of Suominen´s shares will increase by
198,539,108 shares to 245,934,122 shares. The total subscriptions of the Share
Issue and the Conversion Share Issue are EUR 89.3 million. The total net
proceeds of the Share Issue will be approximately EUR 85.3 million. 

It is estimated that the Home and Personal business area transaction will be
completed by 31 October 2011 at the latest. 


Helsinki, 13 October 2011

Suominen Corporation

Board of Directors


For additional information please contact:
Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300
Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300


Suominen produces high-quality flexible packaging, wet wipes and nonwovens for
industry and the retail sector. The Group is one of Europe's leading
manufacturers in all its business areas, with operations in Finland, Poland,
the Netherlands, and Russia. The Group had net sales of EUR 173 million in 2010
and it employs around 900 people. Suominen is listed on NASDAQ OMX Helsinki.
www.suominen.fi 


Disclaimer:
The information contained herein is not for release, publication or
distribution, directly or indirectly, in whole or in part, in or into the
United States, Australia, Canada, Japan or any other jurisdiction in which the
same would be unlawful. 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 in the United
Kingdom. No prospectus has been or will be approved in the United Kingdom in
respect of the securities. This release does not cover offering of securities
in the United Kingdom 

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 locations receiving subscriptions for shares. 

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. 

Alexander Corporate Finance Oy is acting exclusively for Suominen Corporation
and no one else in connection with the Share Issue. It will not regard any
other person (whether or not a recipient of this document) as a client in
relation to the Share Issue and will not be responsible to anyone other than
Suominen Corporation for providing the protections afforded to its clients, nor
for giving advice in relation to the Share Issue or any transaction or
arrangement referred to herein. No representation or warranty, express or
implied, is made by Alexander Corporate Finance Oy 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. Alexander
Corporate Finance Oy assumes no responsibility for its accuracy, completeness
or verification and, accordingly, disclaims, to the fullest extent permitted by
applicable law, any and all liability which it may otherwise be found to have
in respect of this release.