Ahlstrom-Munksjö Oyj - Inside information

Hans Sohlström appointed President and CEO of Ahlstrom-Munksjö

AHLSTRÖM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE DECEMBER 21, 2017 at 9:10 CET

The Board of Directors has today appointed Hans Sohlström President and CEO of
Ahlstrom-Munksjö, effective as of June 30, 2018, at the latest. Sohlström is
currently the President and CEO of Ahlström Capital Group.

Ahlstrom-Munksjö’s current President and CEO Jan Åström, (b. 1956), will retire
from the position on June 30, 2018, at the latest. He has been the President and
CEO of the company since its creation through the merger of Ahlstrom Corporation
and Munksjö Oyj on April 1, 2017, and before that he was the President and CEO
of Munksjö since 2008.

“The Ahlstrom-Munksjö Board of Directors is very pleased with how the
integration following the merger is progressing. As previously communicated we
expect to deliver above the original synergy plan and the synergy benefits are
already clearly visible in our results. The Board feels that we are now in a
natural and strong position to move forward. With the appointment of Hans
Sohlström as the new CEO in Ahlstrom-Munksjö we expect him to take us to the
next level by continuing in executing on our long-term financial targets and our
strategic growth plan. We truly believe that Hans through his skills, experience
and passion will be a driving force in creating further value to all of our
stakeholders,“ says Vice Chair Peter Seligson.

“Jan Åström has done an excellent job in leading the integration of the merged
company and before that he very successfully transformed the operations at
Munksjö. On behalf of the Board and the company, I would like to offer our
warmest thanks to Jan Åström for his commitment and hard work for Ahlstrom
-Munksjö and its predecessor Munksjö,” Peter Seligson concludes.

”The merger of Ahlstrom and Munksjö and the subsequent integration of the two
companies have been among the most interesting, yet challenging tasks of my
professional career. I have truly enjoyed every minute of it. I will give my
full attention and commitment to leading this company until the succession has
been completed in a successful way,” Jan Åström says.

Hans Sohlström, M.Sc (Tech.) and M.Sc. (Econ.), (b. 1964), has been the
President and CEO of Ahlström Capital since early 2016. Before that he worked
for 3.5 years as the President and CEO of Rettig Group and 24 years in various
leadership positions at UPM-Kymmene Corporation, of which eight years as member
of the Group Executive Team. At UPM, Hans Sohlström gained experience from
leading corporate and new business development, sales and marketing as well as
operations as a Mill Director.

“I know Ahlstrom-Munksjö very well and I’m passionate about its business and
mission to create innovative and sustainable fiber-based solutions. I am very
excited to take this position and about the company’s future value creation
potential,” Hans Sohlström says.

Hans Sohlström will continue as the Chairman of the Board until the end of the
Annual General Meeting in 2018, but refrain from participating in the work of
the Shareholders’ Nomination Board. The Board of Directors has today resolved to
change the composition of the Human Resources Committee and elected Peter
Seligson as new member and Hannele Jakosuo-Jansson as Chair of the Human
Resources Committee instead of Hans Sohlström. The members of the Human
Resources Committee are Hannele Jakosuo-Jansson (Chair), Peter Seligson and
Johannes Gullichsen. All the members of the Human Resources Committee are
considered independent of the company and its significant shareholders.”

Hans Sohlström will be based at the company’s head office in Stockholm with a
working desk also at the Helsinki office.

The search process was initiated by the Board of Directors early fall 2017 being
led by a recruitment committee within the Board of Directors, consisting of the
Vice Chairs Elisabet Salander Björklund, Peter Seligson and Board Member Hannele
Jakosuo-Jansson.

Ahlstrom-Munksjö will arrange a briefing today, on Thursday, December 21, 2017,
at 11:30 EET at the company’s Helsinki office (Alvar Aallon katu 3 C, meeting
room Antti), hosted by Peter Seligson. The event can be accessed also via live
webcast and telephone conference through the link and numbers below.

http://qsb.webcast.fi/a/ahlstrommunksjo/ahlstrommunksjo_2017_1221_info/

Finnish callers: +358 (0)9 7479 0361
Swedish callers: +46 (0)8 5033 6574
UK callers: +44 (0) 330 336 9105
US callers: +1 323 794 2093

Conference ID: 8432050

To join the conference call, participants are requested to dial one of the
numbers above 5-10 minutes prior to the start of the event. An on-demand version
of the conference call will be available on Ahlstrom-Munksjö’s website later the
same day.

For further information, please contact:
Peter Seligson
Vice Chairman of the Board
Tel. +358 50 1493

Hans Sohlström
President and CEO as of June 30, 2018
Tel. +358 400 547 717

Jan Åström President and CEO
Tel. +46 10 250 1001
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying
innovative and sustainable solutions to customers worldwide. Our offerings
include decor paper, filter media, release liners, abrasive backings, nonwovens,
electrotechnical paper, glass fiber materials, food packaging and labeling,
tape, medical fiber materials and solutions for diagnostics. Combined annual net
sales are about EUR 2.15 billion and we employ 6,000 people. The Ahlstrom
-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was
formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö
Oyj. Read more at www.ahlstrom-munksjo.com.