Stake in Amer Sports Corp

Sports Direct International Plc 23 January 2008 23 January 2008 SPORTS DIRECT INTERNATIONAL PLC ACQUISITON OF STAKE IN AMER SPORTS CORPORATION Sports Direct International plc ("the Company") announces the acquisition of a 4.96% stake in Amer Sports Corporation, the multi-branded manufacturer of sports equipment and technical apparel and footwear, listed on the Helsinki Stock Exchange. The aggregate consideration paid for the stake was €48.2m (£36.0m) (approximately €13.5 per share) and was financed by the Company by a drawdown under existing facilities. Previously the Company sold an earlier investment in Amer Sports Corporation on 7th November 2007 for approximately €19 per share. The Company continues to believe that Amer fits its criteria for strategic investments. The Company makes and retains strategic investments where, and for so long as, the Board believes that the holding of such investments provide the Company with the opportunity to gain strategic or commercial advantage and the investments are able to be made at prices considered to be reasonable. The Board's objective is to create value for the Company's shareholders via such strategic investment. Amer Sports major brands are Wilson, Salomon, Precor, Atomic and Suunto, all leading brands in their respective categories. Ends Enquiries: Sports Direct International plc Tel: 0870 333 9400 Dave Forsey, Chief Executive Bob Mellors, Group Finance Director Financial Dynamics Tel: 0207 831 3113 Andrew Dowler/Jonathon Brill/Ben Foster This information is provided by RNS The company news service from the London Stock Exchange
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