Exercise of Warrants

RNS Number:9934M
Amer Group PLC
01 July 2003


Amer Group Plc                                 STOCK EXCHANGE ANNOUNCEMENT 1(1)
                                                       July 1, 2003 at 9.30 am


                    Amer Group's 2003 warrants subscription


All 550,000 of Amer Group's 2003 warrants have been subscribed. The subscription
period ran from 10 April to 30 June 2003. One warrant entitles the subscriber to
subscribe for one Amer Group Share.


Of the 550,000 warrants now subscribed, 185,000 were offered for subscription to
the Group's key personnel and 365,000 were offered for subscription to a company
belonging to the group of Amer companies in order that the warrants may, at a
later date, be offered to key persons nominated by Amer Group's Board of
Directors.


The share subscription price is EUR 37.90, which according to the warrant terms
was the trade volume weighted average quotation of Amer Group Plc shares on the
Helsinki Exchanges during the period 1 January - 14 February 2003 plus 10 per
cent. The subscription period of the shares will commence on 1 January 2006 and
end on 31 December 2008.


AMER GROUP PLC

Communications



Tea Saari

Communications Manager


For further information, please contact:

Mr Jari Melgin, Corporate Treasurer,                      Tel. [phone]



AMER GROUP PLC


Amer Group is one of the world's leading sports equipment companies with its
internationally recognised brands Wilson, Atomic, Suunto and Precor. 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. In
2002 Amer Group made an operating profit of EUR 103.0 million on net sales of
EUR 1,101.9 million. Earnings per share were EUR 2.95. At the end of 2002 the
Company had 3,939 employees.







                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCIIFIADRILIIV