Amer Sports Oyj

Amer Sports Oyj (HEL:AMEAS) Amer Sports Corporation has received information to the effect that owners of institutional investors and funds, who have given full discretion over their investments to Silchester International Investors Limited, has exceeded 15%. Silchester International Investors Limited now owns 11,017,223 shares, which represent 15.08% of Amer Sports Corporation's share capital and voting rights.

Amer Sports Oyj (HEL:AMEAS) In order to ensure its cost leadership in ski manufacturing, Amer Sports has acquired all the ski manufacturing assets of its long-term Bulgarian subcontractor, Pamporovo Ski, and as a result has assumed full control of its operations. The price paid for all the acquired assets is approximately EUR 5 million depending on the working capital at the closing date. The assets of Pamporovo Ski will transfer to Amer Sports before the end of the year. Pamporovo's 380 employees will continue with the newly established Amer Sports Bulgaria.

Amer Sports Oyj (HEL:AME) Amer Sports Corporation's Board of Directors has decided to transfer 104,100 shares held by the company gratuitously to the Group's key personnel belonging to its share-based incentive plan. The transfer date of the shares is September 1, 2008.

Amer Sports Oyj Amer Sports Corporation has received information to the effect that the Danske Bank A/S Helsinki Branch (1078693-2) has completed derivative contract transaction agreements on August 6, 2008 that will, according to their current schemes, mature in November 2008. If materialized, the ownership of Danske Bank A/S's Helsinki Branch will fall under one-twentieth (1/20) no earlier than November 26, 2008.

Amer Sports Oyj Mr. Max Alfthan, Amer Sports Corporation's Senior Vice President of Communications and an Executive Board member, has accepted the position of Chief Strategy Officer (CSO) at Fiskars Corporation. Alfthan has been responsible for Amer Sports corporate communications since 2001.

Amer Sports Oyj * Amer Sports net sales decreased 6% to EUR 648.1 million. The sales were particularly affected by the weakening of the U.S. dollar. In local currencies net sales increased 1%. * Earnings before interest and taxes (EBIT) improved to EUR -7.8 million (-20.6), including a capital gain of 13 million euros from selling the company's corporate headquarters building. Earnings per share amounted to EUR -0.23 (-0.30). * New guidance: It is estimated that Amer Sports EBIT, excluding a capital gain of EUR 13 million, will amount to EUR 90-105 million (previous guidance: EUR 100-130 million).

Amer Sports Oyj Amer Sports Corporation will publish its 2008 second quarter results bulletin on Wednesday, August 6 at 1:00 pm Finnish time.

Amer Sports Oyj At its organizing meeting immediately following the Extraordinary General Meeting, the Board of Directors unanimously appointed Anssi Vanjoki as Chairman and Ilkka Brotherus as Vice Chairman.

Amer Sports Oyj At the Amer Sports Corporation Extraordinary General Meeting held earlier today, the following resolutions were approved:

Amer Sports Oyj Mr. Vincent Wauters has been named Amer Sports Senior Vice President, Supply Chain and Information Technology. The newly created position has been established to reinforce the company's efforts in developing synergies through common platforms in the areas of Supply Chain and Information Technology. Mr. Wauters will join Amer Sports on September 1, 2008.