Larox Oyj - Company Announcement

Larox to continue adjustment measures in its European subsidiaries

Larox Corporation  Company announcement 22 December 2009 at 9.00 am            


Larox to continue adjustment measures in its European subsidiaries              

Larox Corporation continues the adjustment measures and has started the         
personnel negotiations in its European subsidiaries excluding Finland. The      
target is to reduce personnel by maximum 50 full-time equivalents.              

The aim is to reduce Larox's annual costs by approximately 6.5 million euros.   
This objective includes the cost reductions that will be achieved through       
adjustment measures that were decided in spring 2009 and are currently being    
implemented.                                                                    

It is estimated that these annual cost reductions will be fully realized in     
2011. The cost reduction in 2010 is estimated to be 4.5 million euros.          

The adjustment program will concern the whole Larox Group including all         
subsidiaries and offices. The focus on structural and operating model changes   
will be in the Group's European companies and operations. The actions of the    
adjustment program are subject to negotiations with the employee representatives
as per the laws and practices in each country.                                  

Larox Corporation                                                               


For further information:                                                        
Mr. Topi Karppanen   
President & CEO                                                                 

Phone +358 (0) 20 7687210                                                       
Fax   +358 (0) 20 7687277                                                       
topi.karppanen@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.