Ahlstrom: application for the listing of stock option rights

The Board of Directors of Ahlstrom Corporation has decided to apply for the listing of the option rights of stock option program I a, b and c (2001) and stock option program II b and c (2001) on the H…

The Board of Directors of Ahlstrom Corporation has decided to apply for the listing of the option rights of stock option program I a, b and c (2001) and stock option program II b and c (2001) on the Helsinki Stock Exchange starting on 2 January 2007. The listing application was submitted 22 November 2006. On 26 September 2001, the Extraordinary General Meeting of Shareholders of Ahlstrom Corporation decided on two new stock option programs. According to the original terms and conditions of the stock option programs, a maximum of 659,448 option rights of stock option program I (2001) and a maximum of 1,092,620 option rights of stock option program II (2001) can be issued. A total of 23,318 shares have been subscribed with option rights. In addition, subscription is pending with respect to 20,000 option rights. Listing is sought for 538,699 option rights of stock option program I (2001) and 520,172 option rights of stock option program II (2001). Ahlstrom Corporation has annulled 649,879 option rights that were in the possession of the company“s subsidiaries. Each option right gives its holder the right to subscribe for one share in Ahlstrom Corporation. The current subscription price is EUR 9.22. The nominal value of each Ahlstrom share is EUR 1.50. Shareholders shall be entitled to dividends and other rights carried by the shares after the increase of the share capital is registered with the trade register. The share subscription period with option rights of stock option program I a, b and c (2001) commenced on 1 May 2002 and ends on 30 April 2007. The share subscription period with option rights of stock option program II b and c (2001) starts on 1 January 2007 and ends on 30 April 2007. The share capital of the company can increase by a maximum of EUR 1,618,306.50 and the number of shares by 1,078,871 new shares to a total of 46,670,608 shares as a result of share subscriptions made with the option rights. The place of subscription under option programs I and II (2001) is Evli Bank plc.