Amer Sports - Company Announcement

Notification of change in shareholding under the Finnish Securities Market Act

Amer Sports Corporation has received information to the effect that
Novator Finland Oy's shareholding in Amer Sports Corporation may
exceed one-fifth (1/5) of the shares and voting rights in Amer Sports
Corporation as a result of OMX forward contracts Novator Finland Oy
has bought January 23, 2008. As a result, the agreement regarding
Amer Sports Corporation between Novator Finland Oy, Ajanta Oy and its
fully-owned subsidiary Ajanta N.V. has ceased to be effective.

Ajanta Oy's potential shareholding in Amer Sports Corporation has
today fallen below one-twentieth (1/20) as a result of the closing of
Ajanta N.V.'s OMX forward contracts position and as the
above-mentioned agreement has ceased to be effective.

Novator Finland Oy's potential shareholding in Amer Sports
Corporation
-  Novator Finland Oy has January 23, 2008 purchased OMX forward
contracts for 4,617,500 shares in Amer Sports Corporation that mature
on June 19, 2008. Novator Finland Oy has previously purchased OMX
forward contracts for 1,940,800 shares and 8,130,600 shares in Amer
Sports Corporation that mature on February 15, 2008 and June 19,
2008, respectively. After the maturity of the forward contracts,
Novator Finland Oy's holding in Amer Sports Corporation will be
14,688,900 shares representing 20.31% of the shares and voting rights
in Amer Sports Corporation.

Ajanta Oy's potential direct and indirect shareholding in Amer Sports
Corporation is 0%.

Amer Sports Corporation's total number of shares is 72,325,545.

For further information, please contact:
Tommy Ilmoni, Vice President, Investor Relations, Amer Sports
Corporation,
tel. +358 9 7257 8233


AMER SPORTS CORPORATION
Communications


Maarit Mikkonen
Communications Manager
Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com

DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.amersports.com


AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is the world's leading sports
equipment company with internationally recognized brands including
Salomon, Wilson, Precor, Atomic and Suunto. 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.

Viðhengi:

Notification of change in shareholding under the Finnish Securities Market Act