Larox Oyj - Company Announcement

The Board of Directors of Larox Corporation decided to terminate the key personnel incentive plan

LAROX CORPORATION COMPANY ANNOUNCEMENT  29.12.2009  11:00 am                    

The Board of Directors of Larox Corporation decided to terminate the key        
personnel incentive plan                                                        

Following the share transaction executed on December 21, 2009 between Outotec   
Oyj and the main shareholders of Larox the authority in Larox Corporation has   
been transferred to Outotec Oyj. Outotec has acquired 6,643,054 Larox           
Corporation shares. The shareholding corresponds to a total of 94.40% of all    
votes of the Company's shares and 70.48% of all shares of the Company. Outotec  
Oyj has made a mandatory tender offer for all of the Company's series A and B   
shares.                                                                         

Due to the above-mentioned changes focused on the Larox Corporation ownership   
structure and Group structure, and to the Outotec Oyj's mandatory tender offer  
the Board of Directors of Larox Corporation has today decided to change the     
duration of the key personnel Share Ownership Plan so that the changed Plan will
concern years 2007-2009 instead of formerly decided period 2007-2010.           

In addition, the Board of Directors of Larox Corporation has decided that the   
restriction period and transfer restrictions of the shares paid as reward for   
the period of 2007-2008 will terminate and the shares will be freely            
transferable, and that the company does not pay any reward for the measuring    
period 2007-2009 and that the company terminates the Share Ownership Plan as of 
January 1, 2010.                                                                



Larox Corporation                                                         

Timo Vartiainen                                                                 
Chairman of the Board                                                           

For further information                                                         
Timo Vartiainen, Chairman of the Board                                          
Phone +358 400 552 237                                                          
timo.vartiainen@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.