Munksjö Oyj - Company Announcement

Munksjö Oyj: Ahlstrom’s Extraordinary General Meeting of Shareholders approved the combination of Ahlstrom and Munksjö

MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 11 January 2017 at 10:50 CET
Helsinki, Finland

Munksjö Oyj: Ahlstrom’s Extraordinary General Meeting of Shareholders approved
the combination of Ahlstrom and Munksjö

Ahlstrom Corporation’s (“Ahlstrom”) Extraordinary General Meeting of
Shareholders (“EGM”) was held today in Helsinki. According to a stock exchange
release published by Ahlstrom, the EGM resolved, inter alia, to approve the
combination of Ahlstrom’s and Munksjö’s business operations through a statutory
absorption merger of Ahlstrom into Munksjö and approve the merger plan. The EGM
also authorised Ahlstrom’s Board of Directors to resolve on the distribution of
an extra dividend in the total amount of maximum EUR 0.49 per each outstanding
share in Ahlstrom prior to the completion of the combination. All decisions were
taken in accordance with the proposals of Ahlstrom’s Board of Directors. The
release is available at www.ahlstrom.com.

The completion of the combination is subject to, inter alia, approval by the EGM
of Munksjö as well as merger control approvals from competition authorities.
Munksjö’s EGM will be held later today in Helsinki, and its decisions will be
published by Munksjö as a separate stock exchange release.

Munksjö Oyj

For more information, please contact:

Anna Selberg, SVP Communications, tel. +46 10 250 10 32
Laura Lindholm, Head of Investor Relations, tel. +46 72 703 63 36

Notice to Shareholders in the United States

The new shares in Munksjö have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “Securities Act”) or under any of
the applicable securities laws of any state or other jurisdiction of the United
States. The new shares in Munksjö may not be offered or sold, directly or
indirectly, in or into the United States (as defined in Regulation S under the
Securities Act), unless registered under the Securities Act or pursuant to an
exemption from the registration requirements of the Securities Act and in
compliance with any applicable state securities laws of the United States. The
new shares in Munksjö will be offered in the United States in reliance upon the
exemption from the registration requirements of the Securities Act provided by
Rule 802 thereunder.

Munksjö and Ahlstrom are Finnish companies. Information distributed in
connection with the merger and the related shareholder votes is subject to
disclosure requirements of Finland, which are different from those of the United
States.

It may be difficult for Ahlstrom’s shareholders to enforce their rights and any
claim they may have arising under the U.S. federal securities laws in respect of
the merger, since Munksjö and Ahlstrom are located in non-U.S. jurisdictions,
and all of their officers and directors are residents of non-U.S. jurisdictions.
Ahlstrom’s shareholders may not be able to sue Munksjö or Ahlstrom or their
officers or directors in a court in Finland for violations of the U.S.
securities laws. It may be difficult to compel Munksjö and Ahlstrom and their
affiliates to subject themselves to a U.S. court’s judgment.
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Munksjö is a world-leading manufacturer of advanced paper products developed
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organisation with approximately 2,900 employees and 15 facilities located in
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listed on Nasdaq in Helsinki and Stockholm. Read more at www.munksjo.com.