Ahlstrom and Votorantim Celulose e Papel complete the creation of a joint venture in Brazil

Ahlstrom Corporation STOCK EXCHANGE RELEASE 3.9.2007 at 15.50


Ahlstrom, a global leader in fiber-based materials, today announced
the completion of the joint venture formed with Votorantim Celulose e
Papel (VCP). The joint venture, originally announced in February
2007, is created for specialty papers production and will be located
in Jacarei, Brazil, close to São Paolo. Ahlstrom will hold 60% and
VCP 40% of the shares in the joint venture. The price for Ahlstrom's
shareholding is approximately EUR 80 million.

The annual specialty paper production capacity of the joint venture
is approximately 110 000 tons and net sales approximately EUR 100
million. The joint venture will serve mainly the labeling
applications and certain flexible packaging markets. Additionally, it
will continue to produce coated and uncoated paper grades for other
end uses. The parties have agreed that VCP will supply utilities and
other services as well as eucalyptus pulp from an integrated 1.1
million ton pulp mill to the joint venture at competitive prices."The joint venture allows us to enter the rapidly growing labeling
and packaging markets in Latin America and further strengthens our
position as the leader in the global specialty paper markets",
comments Jukka Moisio, President and CEO of Ahlstrom.

Under the terms of the agreement, Ahlstrom has an option to purchase
the remaining share in the joint venture held by VCP after two years
time.

Ahlstrom Corporation
Jukka Moisio, President & CEO

For further information, please contact:
Jukka Moisio, President & CEO, tel. +358 (0)10 888 4700

Distribution:
Helsinki Stock Exchange
Main media
www.ahlstrom.com

Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and
marketing of high performance fiber-based materials. Nonwovens and
specialty papers, made by Ahlstrom, are used in a large variety of
everyday products, such as filters, wipes, flooring, labels, and
tapes. Based upon its unique fiber expertise and innovative approach,
the company has a strong market position in several business areas in
which it operates. Ahlstrom's 6,200 employees serve customers via
sales offices and production facilities in more than 20 countries on
six continents. In 2006, Ahlstrom's net sales amounted to EUR 1.6
billion. Ahlstrom's share is listed on the Helsinki Stock Exchange.
The company website is www.ahlstrom.com.