Suominen Yhtymä - Major shareholder announcements

Notification according to chapter 2, section 10 of the Securities Markets Act

Tampere, Finland, 2011-08-04 14:45 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation            Stock exchange release 4 August 2011 at 3:45 p.m. 


Notification according to chapter 2, section 10 of the Securities Markets Act

Suominen Corporation has today received a notification of change in holdings in
accordance with chapter 2, section 9 of the Securities Markets Act as follows: 

Oy Etra Invest Ab's share of the total number of shares and voting rights in
Suominen Corporation shall fall below 10 per cent as a result of the
arrangement which, if completed, may result in a situation in which the
flagging threshold falls below 10 per cent. 

In accordance with chapter 2, section 9 of the Finnish Securities Markets Act
we hereby notify the Financial Supervisory Authority and Suominen Corporation
as follows: 

1. Name of the issuer of shares: Suominen Corporation

2. Reason for the flagging notification: arrangement which may result in a
situation in which the flagging threshold falls below 10 per cent based on the
total number of shares and voting rights as set out in chapter 2, section 9 of
the Finnish Securities Market Act. 

3. Name of the shareholder subject to the notification obligation: Oy Etra
Invest Ab, Business ID 0672234-6. 

4. Share of the total number of shares and voting rights in the issuer:

Oy Etra Invest Ab's shareholding before the arrangement:
Number of shares: 8,223,320 shares
Share of the total number of shares and voting rights: 17.4%

Oy Etra Invest Ab's shareholding after the arrangement:
Number of shares: 12,223,320 shares
Share of the total number of shares and voting rights: 5.2%

5. Main content of the arrangement:

Oy Etra Invest Ab has on 3 August 2011 signed a commitment to subscribe for new
shares for 1.8 million euros in a directed share issue prepared by Suominen
Corporation. 

The commitment to subscribe for new shares is related to the release today by
Suominen Corporation, whereby Suominen Corporation has signed an agreement with
Ahlstrom Corporation to buy its Home and Personal nonwovens business area. 

The transaction will be financed by share issue and debt. The share issue will
be carried out as a directed share issue with a subscription price of 0.45 euro
per share. 

Shareholders that represent a minimum of 64 per cent of the shares and votes
have committed to advocate a minimum of 85 million euro and a maximum of 120
million euro share issue in the Extraordinary General Meeting of Shareholders.
The Extraordinary General Meeting of Shareholders is expected to be held in
September 2011. 

The criterion for the flagging is that the share issue will be carried out at
the minimum size of 85 million euros. 

The completion of the transaction is subject to approval by competition
authorities. 

Helsinki 4 August 2011

Oy Etra Invest Ab

The registered number of issued shares of Suominen Corporation totals
47,395,014 and each share has one vote. 

Tampere 4 August 2011

Suominen Corporation

Arto Kiiskinen
Vice President and CFO


For additional information, please contact:
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