Published: 2016-05-20 14:00:00 CEST

Kotkamills Group Oyj: KOTKAMILLS HAS SIGNED A CONTRACT CONCERNING SALE OF TRADE RECEIVABLES

Kotkamills Group Oyj

STOCK EXCHANGE RELEASE

20 May 2016, at 3 pm (CET + 1)

Kotkamills Oy, the subsidiary of Kotkamills Group Oyj, has signed a contract of approximately EUR 20 million with a Nordic financial institution concerning sale of trade receivables of the company to the financial institution (on an ongoing, non-recourse basis on customary market terms). The entry into the transaction is expected to increase the efficiency of the Kotkamills Group's working capital management.

Kotkamills Group Oyj
Board of Directors

For additional information, please contact:

CFO Petri Hirvonen, tel.+358 40 571 0834, petri.hirvonen@kotkamills.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.kotkamills.com

Kotkamills Group in brief

Kotkamills is a responsible partner that delivers renewable products and high quality performance to its customers' processes via product innovations created from wood, a renewable raw material. Kotkamills' key brands include Absorbex® and Imprex®, both innovative laminating paper products for the laminate and plywood industries. Moreover, Kotkamills also offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. The start-up of the new board machine producing totally recyclable Consumer Board products is due in 2016. www.kotkamills.com

Disclaimer
The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Kotkamills Group Oyj in any jurisdiction.

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