Amer Group 1998 A warrants exercised for share subscription


A total of 7,500 Amer Group Plc shares have been subscribed for on the basis of the 1998 A warrants. The corresponding increase in the Company's share capital amounting to EUR 30,000, was registered on 31 July 2001. As a result of the increase, Amer Group Plc's share capital now totals EUR 96,424,080 and the total number of shares in issue is 24,106,020.

The new shares rank pari passu with existing shares from the registration date. The new shares will be listed on the Helsinki Exchanges together with the old shares on 1 August 2001. These shares will be listed also on the London Stock Exchange.

The number of the 1998 A warrants totals 255,000. The subscription period for shares entitled to the Amer Group 1998 warrants began on 1 January 2001 and will end on 31 March 2004. The current subscription price is EUR 17.75. In total, 28,500 Amer Group shares have been subscribed for on the basis of the 1998 A warrants, representing an increase of EUR 114,00 in the Company's share capital.

AMER GROUP PLC
Communications Dept

Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi

For further information, please contact:
Mr Pekka Paalanne, Senior Vice President & CFO, tel. +358 9 7257 8212
Mr Jari Melgin, Corporate Treasurer, tel. +358 9 7257 8233