HELSINKI, January 18, 2021-

Spa Holdings 3 Oy has decided that it will waive the minimum acceptance condition subject to an acceptance level of at least 75 per cent in the public tender offer for all the shares in Ahlstrom-Munksjö Oyj 

On October 22, 2020, Spa Holdings 3 Oy (the “Offeror”) commenced a voluntary public cash tender offer to acquire all of the issued and outstanding shares in Ahlstrom-Munksjö Oyj (“Ahlstrom-Munksjö” or the “Company”) that are not held by Ahlstrom-Munksjö or any of its subsidiaries (the “Shares” or, individually, a “Share”) (the “Tender Offer”). The offer period for the Tender Offer commenced on October 22, 2020, at 9:30 a.m. (Finnish time) and expired on January 14, 2021, at 4:00 p.m. (Finnish time). Spa (BC) Lux Holdco S.à r.l. (“Bain Luxco”) (a vehicle owned and controlled by funds managed or advised by Bain Capital Private Equity (Europe), LLP, and/or its affiliates (together “Bain Capital” and such funds being the “Bain Capital Funds”)), Ahlstrom Invest B.V. (“Ahlstrom Capital”), Viknum AB (“Viknum”) and Belgrano Inversiones Oy (“Belgrano Inversiones”) form a consortium (the “Consortium”) for the purposes of the Tender Offer. 

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