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2016-01-21

Ahlstrom Oyj: Ahlstrom sells its glassfiber business to Owens Corning

Ahlstrom Corporation STOCK EXCHANGE RELEASE January 21, 2016 at 09:55 EET

Ahlstrom sells its glassfiber business to Owens Corning

Ahlstrom has signed an agreement to divest its Building&Wind business unit to
Owens Corning, a U.S.-based company listed on the New York Stock Exchange.
The initial debt and cash free purchase price, which is subject to EBITDA
adjustment, is EUR 73 million.

The Building&Wind business unit produces glassfiber tissue used mainly in
flooring applications as well as reinforcements used in windmill blades. In
2014 the net sales of the business was approximately EUR 77 million and the
business was profitable. The unit operates two plants in Finland in Karhula
and Mikkeli and one in Tver, Russia, employing in total approximately 260
persons. It serves markets mainly in Europe and Russia as well as in North
America and Asia.

"This transaction will strengthen our balance sheet and enables us to develop
other businesses more efficiently and pursue growth in areas aligned to our
strategy," says Marco Levi, President&CEO of Ahlstrom. "We are happy to have
identified Owens Corning as the buyer as it is vertically integrated and has
ample resources to develop the glassfiber business further. We also believe
this is a good solution for the unit's employees transferring to the new
owner."

The unit to be divested was part of the Building and Energy business area
until the end of 2015, while it has been part of the Filtration&Performance
business area from the beginning of this year.

The transaction is expected to be completed during the first half of 2016 and
is subject to customary completion terms, such as merger clearances from
relevant competition authorities.

Ahlstrom expects to book a capital gain of approximately EUR 25 million
following the completion of the transaction. The gain will not have an impact
on Ahlstrom's operating profit excluding non-recurring items.

The divestment of the Building&Wind business will have no impact on the
company's outlook statement for 2015. Ahlstrom will publish its Financial
statements bulletin 2015 on January 29, 2016 at approximately 8:30 a.m. EET.
From the beginning of 2016 the Building&Wind business will be reported as
part of discontinued operations until the transaction has been completed.

For more information please contact:
Satu Perälampi
VP, Communications
Tel. +358 10 888 4738

Juho Erkheikki
Financial Communications&Investor Relations Manager
Tel. +358 10 888 4731

Ahlstrom in brief

Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. We aim to grow
with a product offering for clean and healthy environment. Our materials are
used in everyday applications such as filters, medical fabrics, life science
and diagnostics, wallcoverings and food packaging. In 2014, Ahlstrom's net
sales amounted to EUR 1 billion. Our 3,400 employees serve customers in 22
countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More
information available at www.ahlstrom.com.

Owens Corning in brief

Owens Corning (NYSE: OC) develops, manufactures and markets insulation,
roofing and fiberglass composites. Global in scope and human in scale, the
company's market-leading businesses use their deep expertise in materials,
manufacturing and building science to develop products and systems that save
energy and improve comfort in commercial and residential buildings. Through
its glass reinforcements business, the company makes thousands of products
lighter, stronger and more durable. Ultimately, Owens Corning people and
products make the world a better place. Based in Toledo, Ohio, Owens Corning
posted 2014 sales of $5.3 billion and employs about 15,000 people in 26
countries. It has been a Fortune 500® company for 61 consecutive years. For
more information, please visitwww.owenscorning.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahlstrom Oyj via Globenewswire

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