Amer Group redeemed its 1993 convertible subordinated bonds

Amer Group Plc has today redeemed the remainder of the total of the convertible subordinated bonds of USD 75 million issued in 1993. The amount of the loan outstanding was USD 31.82 million, representing a total of 1,430,877 Amer Group A shares, i.e. 5.9% of the number of shares and voting rights currently in issue.

There were no conversions after the company issued a redemption call notice on 1 December 1999.

Prior to redemption Amer had purchased USD 41.93 of the bonds from the market, representing 1,885,502 A shares. The repurchased bonds have been cancelled.

AMER GROUP PLC
Communications Department

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