Amer Sports Board of Directors to change its proposals to the Annual General Meeting and transfers company's own shares to Amer Sports International Oy

STOCK EXCHANGE RELEASE
March 3, 2009 at 10:05 am

Amer Sports Corporation's Board of Directors has on March 2, 2009
decided to change its proposals to the Annual General Meeting to be
held on March 5, 2009. The Board has decided to fully to cancel its
proposal regarding the authorization of the Board of Directors to
repurchase the Company's own shares and to change its proposal
regarding the authorization of the Board of Directors to decide on
issuance of shares.

Amer Sports Corporation's Board of Directors has also decided to
transfer its 340,900 own shares to its fully-owned subsidiary, Amer
Sports International Oy to be used for the Group's key personnel's
share-based incentive plan. The transfer date of the shares is March
3, 2009. After the transfer Amer Sports Corporation does not held any
own shares.

CHANGED PROPOSAL TO THE AGM (section A/16 in the invitation published
on Feb 12, 2009)

Authorizing the board of directors to decide issuance of shares
The Board of Directors proposes to the Annual General Meeting that
the Board of Directors be authorized to decide on issuing new shares
on the following terms and conditions:

New shares may be issued and the Company's own shares held by the
Company may be conveyed against payment ("Share Issue Against
Payment") to the Company's shareholders in proportion to their
current shareholdings in the Company. By virtue of the authorization,
the Board of Directors is entitled to decide on issuing a maximum of
7,000,000 new shares. The subscription price of the new shares shall
be recorded under the invested non-restricted equity fund.The
authorization to issue shares is valid until two (2) years from the
date of the decision of the Annual General Meeting.

CANCELLED PROPOSAL (section A/15 in the invitation published on Feb
12, 2009)

Authorizing the board of directors to decide on the repurchase of the
Company's own shares
The following proposal of the Board of Directors to authorize the
Board of Directors to decide on the repurchase of the Company's own
shares has been fully cancelled:

The Board of Directors proposes to the Annual General Meeting that
the Board of Directors be authorized to decide on the repurchase of a
maximum of 6,000,000 of the Company's own shares ("Repurchase
authorization").The Company's own shares shall be repurchased
otherwise than in proportion to the holdings of the shareholders by
using the non-restricted equity through public trading at the market
price prevailing at the time of acquisition.The shares shall be
repurchased and paid for in accordance with the rules of the Nasdaq
OMX Helsinki and Euroclear Finland Ltd. The shares shall be
repurchased to improve the Company's capital structure or for use in
financing or implementing future acquisitions or other arrangements,
or as part of the Company's or its subsidiaries' incentive programs
or to be held by the Company, to be conveyed by other means or to be
cancelled. The Repurchase Authorization is valid 18 months from the
decision of the Annual General Meeting.

TRANSFER OF OWN SHARES TO AMER SPORTS INTERNATIONAL OY

Amer Sports Corporation's Board of Directors decided on January 14,
2007 to establish a new share-based incentive plan for the Group's
key personnel. According to the terms and conditions of this
restricted stock plan, a key person is entitled to reward to be paid
on the basis of the plan, if he/she has purchased shares up to the
amount corresponding to half of the reward that has been informed to
him/her and that shall be paid as shares. The plan's reward will be
paid in 2008 in part as company shares and partially in cash. The
cash payment will cover taxes and tax-related costs arising from the
reward. Of the shares, 25% will be transferable as of April 2010, 25%
as of April 2011, and 50% as of April 2012. The rewards to be paid
based on this plan will correspond to a maximum value of
approximately 400,000 Amer Sports Corporation shares. At the end of
the financial year the plan covered 30 people.

Amer Sports Corporation's Board of Directors' decision made on March
2, 2009 to transfer its 340,900 own shares to its fully-owned
subsidiary, Amer Sports International Oy is part of the execution of
the share-based incentive plan.

For further information, please contact:
Kristiina Huttunen, Vice President, Legal Affairs, tel. +358 9 7257
8217
Tommy Ilmoni, Vice President, IR and Corporate Communications, tel.
+358 9 7257 8233

APPENDIX
The Amer Sports Corporation Annual General Meeting Agenda


AMER SPORTS CORPORATION
Communications


Ms Maarit Mikkonen
Communications Manager
Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com
www.amersports.com


DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.amersports.com


AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is the world's leading sports
equipment company with internationally recognized brands including
Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All
Amer Sports companies develop and manufacture technically advanced
products that improve the performance of active sports participants.
The Group's business is balanced by its broad portfolio of sports and
presence in all major markets.

APPENDIX

THE AMER SPORTS CORPORATION ANNUAL GENERAL MEETING AGENDA

Amer Sports Corporation Annual General Meeting is held at 2 pm on
Thursday, March 5, 2009 at its headquarters at Mäkelänkatu 91,
Helsinki, Finland.

A. THE FOLLOWING MATTERS WILL BE ON THE AGENDA OF THE MEETING:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of the persons to scrutinize the minutes and to supervise
the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list
of votes

6. Presentation of the annual accounts, the report of the board of
directors and the auditor's report for the year 2008
- Review by the President and CEO

7. Adoption of the annual accounts

8. Resolution on use of the profit shown on the balance sheet and the
payment of dividend
The Board of Directors proposes to the Annual General Meeting a
dividend of EUR 0.16 per share be paid for the financial year ended
December 31, 2008. The dividend will be paid to shareholders who are
registered on the list of shareholders maintained by Euroclear
Finland Ltd (former Finnish Central Securities Depository Ltd) as of
Tuesday, March 10, 2009, which is the record date for the dividend
payment. The dividend will be paid on Tuesday, March 17, 2009.

9. Resolution on the discharge of the members of the board of
directors and the CEO

10. Resolution on the remuneration of the members of the board of
directors
The Nomination Committee of the Board of Director proposes to the
Annual General Meeting that the remuneration payable to the members
of the Board to be elected at the Annual General Meeting for the term
until the close of the Annual General Meeting in 2010 be unchanged
from year 2008 as follows: Chairman EUR 80,000, Vice Chairman EUR
50,000, and other members EUR 40,000. No extra remuneration is paid
from attending board meetings nor committee meetings. 40% of the
annual remuneration is being paid in the form of the company's shares
and 60% in cash.

11. Resolution on the number of the members of the board of directors
The Nomination Committee of the Board of Directors proposes to the
Annual General Meeting that the number of Board members is confirmed
to be seven (7).

12. Resolution on the board composition
The Nomination Committee of the Board of Directors proposes to the
Annual General Meeting that Anssi Vanjoki, Ilkka Brotherus, Pirjo
Väliaho, Martin Burkhalter, Christian Fischer and Bruno Sälzer be
re-elected as members of the Board of Directors and that Hannu
Ryöppönen be appointed as a new board member. The Board's term of
service will run until the close of the 2010 Annual General Meeting.

13. Resolution on the remuneration of the auditor
The Audit Committee of the Board of Directors proposes to the Annual
General Meeting that the auditor's fee will be paid as invoiced.

14. Election of auditor
The Audit Committee of the Board of Directors proposes to the Annual
General Meeting that Authorised Public Accountants
PricewaterhouseCoopers Oy be elected to act as an auditor of the
Company. The Audit Committee of the Board of Directors proposes that
the auditor in charge of the audit is Jouko Malinen, Authorised
Public Accountant.

15. Authorizing the board of directors to decide issuance of shares
The Board of Directors proposes to the Annual General Meeting that
the Board of Directors be authorized to decide on issuing new shares
on the following terms and conditions:

New shares may be issued and the Company's own shares held by the
Company may be conveyed against payment ("Share Issue Against
Payment") to the Company's shareholders in proportion to their
current shareholdings in the Company. By virtue of the authorization,
the Board of Directors is entitled to decide on issuing a maximum of
7.000.000 new shares. The subscription price of the new shares shall
be recorded under the invested non-restricted equity fund. The
authorization to issue shares is valid until two (2) years from the
date of the decision of the Annual General Meeting.

16. Closing of the meeting