Published: 2017-10-31 11:30:00 CET

Kotkamills Group Oyj: DISPOSAL OF KOTKAMILLS IMPREX OY COMPLETED

Kotkamills Group Oyj

STOCK EXCHANGE RELEASE

31 October 2017, at 12:30 pm (CET +1)

Kotkamills Group Oyj has on 12 October 2017 published a stock exchange release regarding signing of a share purchase agreement concerning the sale and purchase of all issued and outstanding shares in Kotkamills Imprex Oy to Dongwha Enterprise Co. as a result of Kotkamills' strategic review process concerning the Imprex® business line (the "Imprex Business").

Kotkamills has today completed the disposal of Kotkamills Imprex Oy.

In accordance with the terms and conditions of the consent for the disposal of the Imprex Business granted by the holders of Kotkamills Group Oyj's EUR 105,000,000 Senior Secured Callable Bonds 2015/2020 (ISIN: FI4000148705) (the "Bonds") on 16 January 2017, 50 per cent of the net disposal proceeds received by Kotkamills Oy from the sale of Kotkamills Imprex Oy shall be applied in partial repayment on outstanding Bonds. On that basis, the amount to be repaid for each Bond is EUR 11,732.00. The Record Date (as defined in the terms and conditions of the Bonds) for the repayment will be 6 November 2017 and the repayment will be disbursed to the bondholders on 7 November 2017.

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 performance to its customers' processes via product innovations created from wood, a renewable raw material. One of the key brands of the company is Absorbex®, an innovative laminating paper product for the laminate, plywood and construction industries. Moreover, Kotkamills offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. In summer 2016, Kotkamills started up a new board machine producing AEGLE(TM) Folding Boxboard and ISLA(TM) Food Service Boards, including the capability to add barriers on-machine. All Consumer Boards material solutions are fully recyclable and repulpable.

Kotkamills has two production sites in Finland, located in Kotka and Imatra. The majority shareholder of Kotkamills is MB Funds, a Finnish private equity firm.

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.