Amer group's board of Directors seeks authorisation to dispose of its own shares

Amer Group Plc's Board of Directors have decided to propose to the Annual General Meeting to be held on 21 March 2002 that the Board of Directors be authorised to decide the disposal of its own shares on the following conditions:

1. The authorisation is limited to a maximum of 1,200,000 shares, the accounted counter-value of which corresponds to 5% of the Company's registered share capital.

2. The Board of Directors is authorised to decide to whom and in which order the acquired shares shall be disposed of. The Board may decide to place the shares in a proportion deviating from existing shareholder's pre-emptive rights.

3. The shares will be used in payment for any purchases of assets related to the Company's business operations and any possible corporate acquisitions in the manner and to the extent decided by the Board of Directors. Moreover, the Board requests an authorisation to dispose of the shares in public trading in the Helsinki Stock Exchange in order to raise funds for the Company to finance investments and possible corporate acquisitions.

4. The shares will be disposed of at the minimum price quoted for them at the time of public trading.

5. This authorisation is effective until the date of the 2003 Annual General Meeting, however, for the maximum period of one year from the Meeting at which it is approved.

AMER GROUP PLC
Communications Dept


Marja-Leena Simola
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amersports.com
www.amersports.com

For further information, please contact:
Mr Roger Talermo, President & CEO, tel. +358 9 7257 8210
Mr Pekka Paalanne, Senior Vice President & CFO,
tel. +358 9 7257 8212