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2016-11-18

Kotkamills Group Oyj: DISPOSAL OF MALAYSIAN OPERATIONS

Kotkamills Group Oyj

STOCK EXCHANGE RELEASE

18 November 2016, at 9 pm (CET + 1)

In relation to Kotkamills' strategic review process concerning L.P. Pacific
Films ("LPPF"), as described in Kotkamills Group Oyj's stock exchange release
published on 26 October 2016, LPPF's sole shareholder Kotkamills Oy has today
on 18 November 2016 signed and completed a share purchase agreement
concerning the sale and purchase of all issued and outstanding shares in LPPF
to Surfactor Germany GmbH. The ownership to LPPF's shares has been
transferred to Surfactor Germany GmbH with immediate effect.

The enterprise value (on a debt and cash free basis) of LPPF is EUR 25
million. The purchase price is subject to a closing accounts adjustment,
which is not expected to be material. The purchase price is paid to
Kotkamills Oy in cash.

Additional information on LPPF and the reasons for the strategic review
process and the disposal are set out in Kotkamills Group Oyj's stock exchange
release of 26 October 2016.

The disposal improves the Kotkamills group's cash position and operating
profit, but Kotkamills Group Oyj does not expect it to have significant
impact on issuer's balance sheet.

Kotkamills Group Oyj
Board of Directors

For additional information, please contact:

CFO Petri Hirvonen, tel.+358 40 571 0834,petri.hirvonen@kotkamills.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.kotkamills.com

Kotkamills Group in brief

Kotkamills is a responsible partner that delivers renewable products and
performance to its customers' processes via product innovations created from
wood, a renewable raw material. The key brands of the company include
Absorbex® and Imprex®, both innovative laminating paper products for the
laminate, plywood and construction industries. Moreover, Kotkamills offers
ecological, technically sound and visually attractive wood products for
demanding joinery and construction. In summer 2016, Kotkamills started up a
new board machine producing AEGLE(TM) Folding Boxboard and ISLA(TM) Food
Service Boards, including the capability to add barriers on-machine. All
Consumer Boards material solutions are fully recyclable and repulpable.

Kotkamills has two production sites in Finland, located in Kotka and Imatra,
and a subsidiary L.P. Pacific Films for Imprex® production in Malaysia. The
majority shareholder of Kotkamills is MB Funds, a Finnish private equity
firm.

www.kotkamills.com

Disclaimer

The information contained in this release shall not constitute an offer to
sell or the solicitation of an offer to buy securities of Kotkamills Group
Oyj in any jurisdiction.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Kotkamills Group Oyj via Globenewswire

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