RNS Number:3745H
Amer Group PLC
12 February 2003

12 February 2003



                     Amer Group: Exercise of 1998 warrants



A total of 10,500 Amer Group Plc shares have been subscribed for as a result of
an exercise of its 1998 warrants. The corresponding increase in the Company's
share capital amounting to EUR 42,000 was registered on 12 February 2003. As a
result of this increase, Amer Group Plc's share capital now totals EUR
96,906,080 and the total number of shares in issue is 24,226,520.



As these shares were subscribed for and paid up in 2002, they are consequently
entitled to dividends for the 2002 financial year. Other shareholder rights
commence from the registration date. The new shares will be listed on the
Helsinki Exchanges on 13 February 2003 and will also be listed on the London
Stock Exchange.





AMER GROUP PLC
Communications


Paivi Antola
Communications Manager


For further information, please contact:
Mr Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233



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