Suominen Yhtymä - Company Announcement

Suominen writes off goodwill and continues efficiency-enhancement measures

SUOMINEN WRITES OFF GOODWILL AND CONTINUES EFFICIENCY-ENHANCEMENT MEASURES      

For the last quarter of 2007, Suominen Corporation is writing off a total of EUR
8 million of the book values of its goodwill. These write-offs relate to the Wet
Wipes' and Nonwovens' business operations and have no effect on cash flow. The  
uncertainty relating to the amount and timing of future cash flows from these   
cash-generating units is estimated to have increased, which decreases the units'
values in use.                                                                  

Suominen continues its efficiency-enhancement programmes to generate cost       
savings, to continuously improve its operations and to increase sales based on  
its own product offering. In 2007, cost savings and efficiency-enhancement      
measures generated some EUR 4 million. In 2008, the aim is to achieve at least  
an equal result in efficiency-enhancement.                                      

After the goodwill write-off, Suominen's operating profit and result after taxes
for 2007 are negative. The comparable underlying operating profit improves, but 
the underlying result after taxes is negative. Suominen's goodwill after the    
write-off amounts to EUR 26 million.                                            


In Helsinki, 18 January 2008                                                    

SUOMINEN CORPORATION                                                            

Board of Directors                                                              


Additional information:                                                         
Mr. Kalle Tanhuanpää, President and CEO or Mr. Arto Kiiskinen, Vice President   
and CFO, tel. +358 (0)10 214 300.