Larox Oyj - Company Announcement

Write-off of deferred taxes further deepens Larox's negative result for the year 2009

Larox Corporation	Company announcement	18.1.2010 at 10.30 am                    


Write-off of deferred taxes further deepens Larox's negative result for the year
2009                                                                            

Larox Corporation announced in a company announcement published in September 25,
2009 the Group result 2009 to be clearly negative because of the 4.6 million    
euros non-recurring costs related to the adjustment measures.                   

The loss, which is bigger than expected, is due to reasons beyond Larox's       
business operations. Following the share transaction realized at the end of     
December 2009 Outotec Oyj has received control of Larox and Larox has become    
subsidiary of Outotec Oyj.                                                      

With the change of the ownership Larox looses the confirmed losses in the       
taxation of certain subsidiaries, and the related deferred taxes of             
approximately 4 million euros will be written off in the Group financial        
statements 2009. Based on preliminary calculations and the write-off of deferred
taxes Larox estimates that the loss will be clearly bigger than expected.       

Larox will publish the result 2009 on February 9, 2010.                         

Larox Corporation                                                               

Further information:                                                            
Jori Halkola                                                                    
CFO & Vice President, Corporate Service                                         


Phone +358 207 687 228                                                          
Fax +358 207 687 327                                                            
jori.halkola@larox.com                                                          

www.larox.com                                                                   

Distribution NASDAQ OMX Helsinki Ltd., Central Media                            

Larox develops, designs and manufactures industrial filters and is a leading    
technology company in its field. Larox is a full service solution provider in   
filtration for separating solids from liquids. It supplies comprehensive        
aftermarket services throughout the lifespan of the Larox solution. Companies   
world-wide in mining and metallurgy, chemical processing and related industries 
benefit from the Larox technologies. Larox operates in over 40 countries and    
has about 600 employees. Larox has production facilities in Finland and in      
China, and the Group is headquartered in Lappeenranta, Finland. Net sales in    
2008 totaled 208.0 million euros, of which more than 93 % were generated by     
exports and the company's foreign operations.