Uponor - Company Announcement

Uponor, Inc. to resolve U.S. class-action suits through enhanced warranty

Uponor Corporation        Stock exchange release           10 June 2015 8.00 EET

Uponor, Inc. to resolve U.S. class-action suits through enhanced warranty

Uponor Corporation's U.S. operative subsidiary company, Uponor, Inc., its
insurers and some of its key trade partners (home builders, plumbers and
distributors) have come together to resolve the alleged failure risks of Uponor
yellow brass fittings sold in the U.S., in connection with two proposed U.S.
class action settlements. The process of obtaining court approval of the final
settlement terms is underway, as a result of which certain details of the
proposed settlement terms have been made public. 

While the class-action settlements are a path to resolving litigation involving
the yellow brass fittings sold in the U.S., Uponor continues to have a high
level of confidence in the long-term performance of these products, since they
have an excellent track record. According to the terms of the settlements,
Uponor, Inc. will provide building owners with an enhanced warranty to cover
potential fitting failures. 

Uponor, Inc.'s obligations under the terms of the proposed settlements will
have no material financial impact on the consolidated results of Uponor
Corporation. 


Further information from:
Riitta Palomäki, CFO, Uponor Corporation, Tel +358 20 129 2822


Uponor Corporation

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