Amer Group warrants exercised for share subscription


A total of 3,500 Amer Group Plc shares have been subscribed for on the basis of the 1994 warrant scheme. The corresponding increase in Amer's share capital amounting to EUR 14,000, was registered by the Finnish Trade Register on 28 December 2000. As a result of this increase, Amer Group's share capital now totals EUR 98,842,080 and the total number of shares in issue is 24,710,520.

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 29 December 2000. These shares will be listed also on the London Stock Exchange.

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. In total, 383,625 Amer Group shares have been subscribed for on the basis of the 1994 warrant scheme, representing an increase of EUR 1,534,500 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