Larox Oyj - Company Announcement

Final result of Outotec's mandatory public tender offer for Larox shares

LAROX CORPORATION       COMPANY ANNOUNCEMENT 27.1.2010 AT 3.30 PM               


Final result of Outotec's mandatory public tender offer for Larox shares        

Larox Corporation has today been informed about the final result of the         
mandatory public tender offer, expired on January 22 2010, by Outotec Oyj for   
all the shares issued by Larox.                                                 

According to the company announcement published by Outotec today the shares     
tendered in the Tender Offer, together with the Larox shares already owned by   
Outotec, represent approximately 98.5% of all the Larox shares and approximately
99.7% of all the votes attached to the Larox shares.                            

More detailed information concerning the payment of the offer consideration and 
Outotec's directed share issue can be found in Outotec's company announcement   
that is enclosed in its entirety to this company announcement.                  


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.                                   


ENCLOSURE                                                                       

OUTOTEC OYJ STOCK EXCHANGE RELEASE, JANUARY 27, 2010 AT 2.15 PM                 

Final result of Outotec's mandatory public tender offer for Larox shares and    
directed share issue to Larox shareholders                                      

The offer period under the mandatory public tender offer by Outotec Oyj         
("Outotec") for all the series A and B shares issued by Larox Corporation       
("Larox"), which are not in the ownership of Outotec or which Larox does not    
own, as well as for the unused subscription rights relating to the 1994 bonus   
issue by Larox (the "Subscription Rights")(the "Tender Offer") expired on       
January 22, 2010.                                                

According to the final result of the Tender Offer, the shares tendered in the   
Tender Offer, together with the Larox shares already owned by Outotec, represent
approximately 98.5% of all the Larox shares and approximately 99.7% of all the  
votes attached to the Larox shares. All the remaining Larox series A shares have
been tendered in the Tender Offer.                                              

According to the final result of the Tender Offer, 28 Subscription Rights, which
entitle to subscribe for a total of 30 Larox shares, have been tendered in the  
Tender Offer. Using these Subscription Rights for the subscription of Larox     
shares does not affect the above percentages.                                   

The offer consideration will be paid to the shareholders and Subscription Right 
holders who have validly accepted the Tender Offer on or about February 2, 2010 
in accordance with the terms and conditions of the Tender Offer.                

The Board of Directors of Outotec will on January 28, 2010 by virtue of the     
authorization given to the Board of Directors by the Annual General Meeting held
on March 18, 2009, decide on the directed share issue required for the payment  
of the consideration in accordance with the terms and conditions of the Tender  
Offer to the Larox shareholders who have accepted the Tender Offer against share
consideration. In the directed share issue a maximum of 1,016,954 new Outotec   
shares will be offered for subscription in accordance with the exchange ratio   
under the terms and conditions of the Tender Offer. The completion of the Tender
Offer will enable the combination of the businesses of Outotec and Larox, and   
there are thus weighty financial reasons to deviate from the pre-emptive        
subscription right of shareholders.                                             

The new Outotec shares will be registered with the Trade Register and admitted  
to public trading on NASDAQ OMX Helsinki Ltd on or about February 2, 2010.      
Outotec's intention is to ac quire all the Larox shares. Since Outotec's        
ownership in Larox will, as a consequence of the completion of the Tender Offer,
exceed nine-tenths (9/10) of all the Larox shares and votes attached to the     
shares, Outotec will initiate compulsory acquisition proceedings for the        
remaining Larox shares under the Finnish Companies Act immediately after the    
completion of the Tender Offer.                                                 

Outotec may also purchase Larox series B shares in public trading on NASDAQ OMX 
Helsinki or otherwise at a price not exceeding the offer price for the series B 
shares, which is EUR 9.56 in cash (or alternatively 0.40 Outotec shares) for    
each share. Outotec may also purchase Subscription Rights at a price which does 
not exceed the Subscription Right offer price, which is EUR 11.47 in cash for   
each Subscription Right.                                                        

Outotec Oyj                                                                     
Board of Directors                                                              

For further information, please contact:                                        

OUTOTEC OYJ                                                                     
Pertti Korhonen, CEO, tel. +358 20 529 211                                      
Vesa-Pekka Takala, CFO, tel. +358 20 529 211, +358 40 570 0074                  
Rita Uotila, VP - Investor Relations, tel. +358 20 529 2003, +358 400 954 141   
Eila Paatela, VP - Corporate Communications, tel. +358 20 529 2004, +358 400 817
198                                                                             
e-mails: firstname.lastname@outotec.com                                         

DISTRIBUTION                                                                    
NASDAQ OMX Helsinki                                                             
Main media                                                                      
www.outotec.com     


________________________________________                                        

Outotec is a worldwide technology leader providing innovative and               
environmentally sound plants, processes, equipment and services for a wide      
variety of customers in minerals and metals processing as well as related       
process industries. Outotec Oyj is listed on the Nasdaq OMX Helsinki.           
www.outotec.com                                                                 


http://www.outotec.com