Uponor - Company Announcement

Administrative Court of Helsinki, Finland rejects Uponor’s tax appeals from 2013

Uponor Corporation    Stock exchange release       25 November 2015 12.00 EET

Administrative Court of Helsinki, Finland rejects Uponor’s tax appeals from 2013

By a vote of two to one, the Administrative Court of Helsinki has rejected the
appeals of Uponor Corporation and its subsidiary Uponor Business Solutions Ltd,
submitted in July 2013. The case concerns taxation adjustment decisions made by
the Large Taxpayers’ Office in 2011, which Uponor viewed as being ungrounded.
Uponor issued stock exchange releases on this case on 23 December 2011, 30
December 2011 and 14 May 2013. 

This decision by the Administrative Court will not lead to any new payments or
payment returns at this stage, and will therefore not affect Uponor’s
consolidated cash flow. 

Uponor does not agree with the dismissal of the case by the Administrative
Court and plans to seek leave to appeal to the Supreme Administrative Court
within the statutory 60 day period. 



For further information, please contact:
Riitta Palomäki, CFO, tel. +358 20 129 2822



Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852




DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com



Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. The Group employs approx. 3,800 persons, in 30
countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation
is listed on Nasdaq Helsinki in Finland. www.uponor.com