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2016-11-15

Kotkamills Group Oyj: RECEIPT OF WAIVER FROM BONDHOLDERS RELATING TO STRATEGIC REVIEW OF MALAYSIAN OPERATIONS

Kotkamills Group Oyj

STOCK EXCHANGE RELEASE

15 November 2016, at 9 am (CET + 1)

As set out in Kotkamills Group Oyj's stock exchange release published on 26
October 2016, the company has initiated a strategic review process for the
purposes of evaluating strategic options concerning its indirect wholly owned
subsidiary L.P. Pacific Films ("LPPF"), a Malaysian limited liability
company. In connection with the strategic review process, Kotkamills Group
Oyj initiated on 26 October 2016 a written procedure in accordance with the
terms and conditions of Kotkamills Group Oyj's EUR 105,000,000 Senior Secured
Callable Bonds 2015/2020 (ISIN: FI4000148705) for the purposes of obtaining a
consent from the bondholders for a disposal of shares in LPPF, as required
under the terms and conditions of the bonds.

Kotkamills Group Oyj has been informed by Nordic Trustee Oy, acting as the
Trustee under the bonds, that the bondholders have given the requested
consent for a disposal of shares in LPPF in accordance with the terms and
conditions of the bonds. Nordic Trustee Oy's confirmation is attached hereto.

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.

Attachment

Confirmation from Nordic Trustee Oy

Notice from written procedure - Kotkamills Group Oyj - 14112016
http://hugin.info/172004/R/2056939/770543.pdf

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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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