Ahlstrom - Tender offer

Ahlstrom terminates the divestment of the Building & Wind business

Ahlstrom Corporation STOCK EXCHANGE RELEASE July 27, 2016 at 08:50

Ahlstrom terminates the divestment of the Building & Wind business

Ahlstrom and Owens Corning have terminated the agreement regarding the planned
divestiture of Ahlstrom's Building & Wind business unit to Owens Corning
following challenges associated with obtaining regulatory clearance in Germany
for the transaction.

Ahlstrom will continue to operate and develop the Building & Wind business unit
as before and it will be reported as part of the Filtration & Performance
segment. In 2015, net sales of the Building & Wind business unit was EUR 83.5
million and the adjusted operating profit EUR 5.9 million. In January-March
2016, net sales amounted to EUR 23.5 million and the adjusted operating profit
to EUR 2.1 million.

"In 2015 we were approached by Owens Corning to acquire the Building & Wind
business unit and engaged in exclusive negotiations with them. Following the
unexpected challenges with the German competition authorities, and after careful
consideration, we have decided to keep the business intact as part of the
Ahlstrom portfolio of innovative fiber-based materials. The performance of the
Building & Wind business unit, as that of the entire Ahlstrom Group, has clearly
improved since negotiations were initiated and the business is today
contributing positively to our profitability and cash flow", says Marco Levi,
President & CEO of Ahlstrom. "We are fully committed to serving our customers
and reinforcing the unit's competitive position. The business will contribute to
our strategic goals of adjusted operating profit margin above 8% by 2018 and
maintaining gearing below 100%."

Restated historical financial information will be available prior to the
January-June 2016 interim report, which will be published on August 3, 2016.

The divestment was announced on January 21, 2016. The German competition
authority opened a second-phase investigation into the planned transaction on
April 8, 2016.

For more information, please contact:
Sakari Ahdekivi
Chief Financial Officer
Tel. +358 10 888 4768

Ahlstrom in brief
Ahlstrom provides innovative fiber-based materials with a function in everyday
life. We are committed to growing and creating stakeholder value by proving the
best performing sustainable fiber-based materials. Our products are used in
everyday applications such as filters, medical fabrics, life science and
diagnostics, wallcoverings, tapes, and food and beverage packaging. In 2015,
Ahlstrom's net sales amounted to EUR 1.1 billion. Our 3,300 employees serve
customers in 22 countries. Ahlstrom's share is quoted on the Nasdaq Helsinki.
More information is available at www.ahlstrom.com.


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