Larox Oyj - Company Announcement

Board of Directors' proposal on the change of dividend payment

Larox Corporation     Company announcement    23 March 2009  at 10 a.m.         

Due to the prevailing general economic situation Larox Corporation Board of     
Directors has decided to change its earlier proposal to the annual general      
meeting of shareholders, which will take place on 26 March 2009, regarding the  
use of the profit shown on the balance sheet and payment of dividends. The new  
proposal of the Board of Directors is as follows:                               

The Board of Directors proposes to the annual general meeting of shareholders   
that based on the confirmed balance sheet of the past fiscal year, ended on     
31 December 2008, the company pay a dividend of EUR 0.30 per share from the     
distributable retained profits. The shareholder, who is registered in the       
shareholders' registry maintained by Euroclear Finland Ltd. (earlier Central    
Securities Depository Ltd.) on 31 March 2009, the matching day of dividend      
payment, is entitled to the dividend. The dividends will be paid on 20 May 2009.

In addition to the above proposal regarding the payment of dividends, the Board 
of Directors proposes that the annual general meeting of shareholders authorize 
the Board of Directors to decide within their discretion on the payment of a    
possible additional dividend of EUR 0.20 per share at the maximum, should the   
economic situation of the company allow it. The Board of Directors could decide 
on the dividend in question by 31 December 2009. The possible additional        
dividend based on the decision of the Board of Directors will be paid to the    
shareholder, who is registered in the shareholders' registry maintained by      
Euroclear Finland Ltd. on the matching day of dividend payment. The Board     
of Directors will decide on the matching day of the dividend payment as well    
as the payment day of the dividend.                                             
Larox Corporation                                                               
Board of Directors                                                              

For further information, please contact                                         
Mr. Topi Karppanen                                                              
President & CEO                                                                 
Phone  +358 (0)20 7687 210                                                      
Fax    +358 (0)20 7687 277                                                      
topi.karppanen@larox.com                                                        

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd, Central media                                          
www.larox.com                                                                   

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 over 590 employees. Larox Group is headquartered   
in Lappeenranta, Finland where the Group also has production facilities. Net    
sales in 2008 totaled 208.0 million euros, of which more than 93 % were         
generated by exports and the company's foreign operations.