Updated determination of acquisition costs of Ahlstrom and Munksjö shares for Finnish taxation

MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 17 December 2013 at 10.20 am CET

Ahlstrom's Label and Processing business in Brazil (Coated Specialties) was transferred to Munksjö Oyj through a partial demerger, which was registered with the Finnish Trade Register on 2 December 2013. Part of the remaining acquisition cost of Ahlstrom shares will be transferred to the Munksjö shares received as demerger consideration in the Coated Specialties demerger in Finnish income taxation. The acquisition cost is used for the calculation of capital gains and/or losses from share transactions for the basis of Finnish taxation.

Based on the average weighted trading prices, the proportion of the fair values of Munksjö shares received as demerger consideration in the Coated Specialties demerger and Ahlstrom shares do not differ significantly from the proportion of net assets of Coated Specialties and the total net assets of Ahlstrom. Thus, the acquisition cost of Ahlstrom's shares is divided based on the proportion of net assets at the effective date of the demerger. Coated Specialties' transferred net assets were 4.8% of the total net assets of Ahlstrom.

Ahlstrom’s shareholders received as demerger consideration 0.265 Munksjö shares for each one share held in Ahlstrom prior to the completion of the Coated Specialties demerger. After the demerger of LP Europe on 27 May 2013, 4.8% of the remaining acquisition cost of each Ahlstrom share will be transferred to an acquisition cost per 0.265 Munksjö share.

Theoretical example:

For an Ahlstrom shareholder who has prior (May 24, 2013, at the latest) to the completion of the two demergers purchased 1,000 Ahlstrom shares at a total price of EUR 10,000 (EUR 10 per share), the acquisition cost of the shares is EUR 8,870 following the completion of LP Europe demerger on May 27, 2013. EUR 1,130 or 11.3% of the original acquisition cost was transferred to the 250 Munksjö shares received as demerger consideration in the LP Europe demerger.

Following the Coated Specialties demerger, 4.8%, or EUR 425.76 of the EUR 8,870 acquisition cost will be transferred to the 265 Munksjö Oyj shares received in the demerger. This equals to EUR 1.61 per received Munksjö share. Therefore the acquisition cost of 1,000 Ahlstrom shares remaining following both demergers is EUR 8,444.24 or EUR 8.44 per share.

This does not apply to Ahlstrom or Munksjö shareholders residing permanently outside of Finland. Shareholders who are tax resident outside of Finland are recommended to contact their tax advisors or local tax office regarding the split of the acquisition cost in taxation.

Munksjö Oyj


For further information, please contact:
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026




Munksjö – Materials for innovative product design  
The Munksjö Group is an international specialty paper company with a unique product offering for a large number of industrial applications and consumer-driven products. Founded in 1862, Munksjö is among the leading producers in the world of high-value added papers within attractive market segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive backings and Interleaving paper for steel. Given Munksjö’s global presence and way of integrating with its customers’ operations, the company forms a global service organisation with approximately 3,000 employees. Production facilities are located in France, Sweden, Germany, Italy, Spain and China. Munksjö Oyj is listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.