Authorizations

Amer Sports’ Annual General Meeting of shareholders, which was held on March 5, 2009, authorized the Board of Directors to decide on issuing new shares on the following terms and conditions:

 New shares may be issued and the company’s own shares held by the company may be conveyed against payment (“Share Issue Against Payment”) to the company’s shareholders in proportion to their current shareholdings in the company. By virtue of the authorization, the Board of Directors is entitled to decide on issuing a maximum of 7,000,000 new shares. The subscription price of the new shares shall be booked to the invested unrestricted equity reserve. The authorization to issue shares is valid for two years from the date of the decision of the Annual General Meeting.

Authorization to repurchase or convey own shares

Amer Sports did not acquire any its own shares during 2009. Amer Sports’ Board of Directors have not had a valid authorization to acquire or dispose of Amer Sports’ own shares since March 5, 2009.