Suominen Yhtymä - Major shareholder announcements

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

Tampere, Finland, 2011-08-04 13:30 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation            Stock exchange release 4 August 2011 at 2:30 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: 

Varma Mutual Pension Insurance Company's share of the total number of shares
and voting rights in Suominen Corporation shall exceed 5 per cent if the
arrangement shall be completed. 

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 the
exceeding of the flagging threshold of 5 per cent based on the number of shares
and voting rights as set out in chapter 2, section 9 of the Finnish Securities
Market Act. 

3. Name and business identity code of the shareholder subject to the
notification obligation: 
Varma Mutual Pension Insurance Company (hereinafter Varma), Business ID
0533297-9. 
Contact information: Ms Päivi Kalapuro, paivi.kalapuro@varma.fi, Tel. +358 10
244 6988. 

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

Varma's shareholding after the arrangement:
Number of shares: 22,222,222 shares
Share of the total number of shares and voting rights: 9.4%.
Varma has no shareholding in Suominen Corporation before the arrangement.

5. Main content of the arrangement:

Varma has on 3 August 2011 signed a commitment to subscribe for new shares for
10 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

Varma Mutual Pension Insurance Company

Timo Sallinen                                    Päivi Kalapuro
Director, Equities                              Back-Office Manager

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