Larox Oyj - Company Announcement

Larox to continue adjustment measures, 2009 result to be negative due to non-recurring costs

Larox Corporation  Company announcement	25 September 2009 at 9.00 am           


Larox to continue adjustment measures, 2009 result to be negative due to        
non-recurring costs                                                             

Due to the international financial crisis, demand for Larox's industrial filters
and aftermarket services is still on a low level. Consequently Larox will start 
negotiations with employee representatives in order to continue adjusting the   
organization and cost structure to the weakened demand.                         

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.          

These adjustment measures will generate a total of 4.6 million euros            
non-recurring costs (including the previously announced 1.5 million euros) which
will be booked as a reservation in 2009.                                        

Due to the non-recurring costs Larox's 2009 result will be clearly negative. The
company estimated earlier that the net sales are expected to clearly decrease 
and profitability is expected to weaken in comparison to the previous year.     

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.