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 (business code 1965835-5) has on May 22, 2008
extended its OMX market forwards and entered into a securities
lending agreement concerning the company's shares.

On March 19, 2008, Novator Finland Oy notified of a partial
conversion of direct holdings in shares of Amer Sports Corporation
into OMX market forwards. The period of the forward contracts has
been extended to August 21, 2008. Furthermore, Novator Finland Oy has
entered into a securities lending agreement, whereby Novator Finland
Oy will hold directly the same amount of shares that are underlying
of the OMX market forwards from May 23 through May 26, 2008.

Therefore, during this period, Novator Finland Oy's direct and
potential holding in Amer Sports Corporation will temporarily exceed
one-fourth (1/4) of the company's shares and voting rights. However,
since the securities lending agreement concerns the same amount of
shares that are underlying of the OMX market forwards, Novator
Finland Oy's existing and potential holding in the company will not
in practice change from the previous level of 20.11% of share capital
and voting rights.

After settlement of the securities lending agreement concerning
7,000,000 shares in the company and for the period of the lending
agreement, Novator Finland Oy will directly hold 14,688,900 shares,
representing 20.11% of the company's shares and voting rights.

Amer Sports capital consists of 73,045,551 issued shares.

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


AMER SPORTS CORPORATION
Communications


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
Wilson, Atomic, Suunto, Precor and Salomon. 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.

Attachments:

Notification of change in shareholding under the Finnish Securities Market Act