Larox Oyj - Company Announcement

REDEMPTION RIGHT AND CLAIM UNDER CHAPTER 18 OF THE FINNISH COMPANIES ACT REGARDING SHARES IN LAROX CORPORATION

LAROX CORPORATION   COMPANY ANNOUNCEMENT  3 February 2010 at  10.15 am

REDEMPTION RIGHT AND CLAIM UNDER CHAPTER 18 OF THE FINNISH COMPANIES ACT        
REGARDING SHARES IN LAROX CORPORATION                                           

Larox Corporation (“Larox”) has today been notified by Outotec Oyj (“Outotec”)  
of its redemption right and claim under the Finnish Companies Act. Outotec holds
currently approximately 98.5 per cent of all the shares in Larox and            
approximately 99.7 percent of all the votes attached to the shares, excluding   
the treasury shares held by Larox. Outotec holds all the series A shares of     
Larox. In addition, Outotec holds 28 subscription rights relating to the bonus  
issue implemented by Larox in 1994, which entitle to subscribe for 30 series B  
shares issued by Larox.                                                         

Outotec has pursuant to its ownership exceeding nine tenths (9/10) gained a     
right to redeem all the series B shares held by other remaining shareholders of 
Larox (the “Shares” and each of them separately a “Share”) at fair value in     
accordance with Chapter 18, Section 1 of the Finnish Companies Act. Outotec has 
today 3 February 2010 notified Larox of its decision to exercise its redemption 
right and presented its redemption claim for the remaining shares in Larox in   
accordance with the Finnish Companies Act. The content of Outotec's redemption  
claim is substantially as follows:                                              

1. Redemption Price for the Shares                                              

The redemption price for the Shares is EUR 9.56 per Share which is the same     
price as the cash consideration paid by Outotec for the Larox series B shares in
the mandatory public tender offer for all the issued Larox series A and B       
shares, that were not owned by Outotec or that Larox does not own, and the      
subscription rights relating to the bonus issue implemented by Larox in 1994. As
the redemption of the Shares has been preceded by a mandatory public tender     
offer in accordance with the Finnish Securities Market Act, the redemption price
of EUR 9.56 per Share shall be considered as the fair value of the Shares in    
accordance with the Finnish Companies Act.                                      

2. Transfer Tax and Payments                                                    

Possible transfer tax collected in Finland deriving from the redemption of the  
Shares as well as the payments and charges arising from the book-entry          
registrations carried out as a consequence of the redemption will be borne by   
Outotec.                                                                        

More detailed background on Outotec's redemption notification and claim and the 
consideration offered in the tender offer may be found in the combined offer    
document and listing particulars dated 22 December 2009, which is available on  
the internet at www.outotec.com and www.nordea.fi/sijoita.                      

Outotec has informed Larox that in order to implement the redemption of the     
Shares as referred to in the redemption notification and claim, Outotec will    
initiate arbitral proceedings as provided in the Finnish Companies Act.         

Larox Corporation                                                               

Further information:                                                    
Juhana Ylikojola                                                                
President & CEO                                                                 

Phone +358 207 687 266                                                          
Fax +358 207 687 380                                                            
juhana.ylikojola@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.