Amer Sports Corporation STOCK EXCHANGE RELEASE January 31, 2012 at 2:50 pm Amer Sports Corporation's Board of Directors has decided to cancel altogether 3,000,000 own shares held by the Company, which totals about 2.5% of the registered number of shares. The cancellation does not affect the Company's share capital. After the cancellation the Company will hold 1 012 125 own shares. The registered number of shares will be 118,517,285 after the cancellation. The cancellation becomes valid after it has been registered at the Trade Register. AMER SPORTS CORPORATION Board of Directors For further information, please contact: Päivi Antola, Director, Corporate Communications and Investor Relations, tel. +358 9 7257 8233 DISTRIBUTION: NASDAQ OMX Helsinki Major media www.amersports.com AMER SPORTS Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Precor, Suunto and Mavic. The company's technically-advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the NASDAQ OMX Helsinki stock exchange. [HUG#1581397]