Larox Oyj - Company Announcement

THE BOARD OF DIRECTORS OF LAROX CORPORATION DECIDED ON AN INCENTIVE PLAN FOR KEY PERSONNEL

The Board of Directors of Larox Corporation has decided on a new share-based    
incentive plan for the Larox Group key personnel.                               

The plan includes one four-year earning period which began on 1 January 2007 and
will end on 31 December 2010. The prerequisite for participation in the plan and
receipt of the reward is that a key person owns Larox Corporation B-shares to   
the amount decided by the Board of Directors in advance.                        

Reward will be paid on the basis of the plan partly as the Company's B-shares   
and partly in cash in 2009, 2010 and 2011. The proportion to be paid in cash    
will cover taxes and tax-related costs arising from the reward. It is prohibited
to transfer the shares within two years from the reward payment (restriction    
period). If a key person's employment or service ends during the restriction    
period, he/she must gratuitously return the shares paid as reward to the        
Company. As to the members of the Management Team, the owning obligation        
concerning the shares received on the basis of the plan will continue as long as
their employment or service in the Group continues, in the manner decided by the
Board of Directors.                                                             

The potential reward from the plan will be based on the Group's key figure      
Earnings per Share (EPS).                                                       

The plan is directed to 30 - 40 people.                                         

The rewards to be paid on the basis of the plan will correspond to a maximum    
total of approximately 300,000 Larox Corporation B-shares.                      

Lappeenranta, 30 May 2007                                                       
                                                                                
Larox Corporation                                                               

Timo Vartiainen                                                                 
Chairman of the Board of Directors                                              
Tel. No. +358 5 668 8305                                                        
                                                                                

Distribution:                                                                   
Helsinki Stock Exchange                                                         
Main 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 440 employees. Larox Group is headquartered in Lappeenranta, Finland.      
Product factories are located in Lappeenranta and Utrecht, The Netherlands. Net 
sales in 2006 totalled 122.8 million euros, of which more than 95 % were        
generated by exports and the company's foreign operations.