Amer Group warrants exercised for share subscription


A total of 380,125 Amer Group Plc shares have been subscribed for on the basis of the 1994 warrant scheme. The increase in Amer's share capital amounting to EUR 1,520,500, was registered by the Finnish Trade Register on 30 November 2000. As a result of the increase, Amer Group's share capital now totals EUR 98,828,080 and the total number of shares in issue is 24,707,020. 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 December 2000. Listing of these shares on the London Stock Exchange will also be applied for.

The subscription period for shares entitled to the Amer Group 1994 warrants began on 1 December 1998 and will end on 31 January 2001. The subscription price is EUR 24.56 (FIM 146). The issue of these warrants was approved by the Annual General Meeting of 15 March 1994.

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 Roger Talermo, President & CEO, tel. +358 9 7257 8210
Mr Pekka Paalanne, Senior Vice President & CFO, Tel. +358 9 7257 8212
Mr Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233