LAROX CORPORATION COMPANY RELEASE Larox Group parent company Larox Corporation and its German subsidiary Larox GmbH have granted a Malesian Pan-Merchant Industries (PMI) a licence right to use HOESCH horizontal filter presses trademark. The licence right includes filter presses and chamber filter presses which fulfil Larox’s design and manufacturing quality requirements and which PMI will manufacture. Licence right is worldwide but limited to palm fruit and oil refining applications and edible oil applications. Approx. 50% of world palm oil is produced in Malesia. The second biggest producer is Indonesia with a 40 % share and the rest of producers with approx. a 10 % share. “The current filter demand within industry utilizing palm fruit is very healthy for instance because palm oil is refined to biodiesel. With the signed agreement the parties aim at utilizing the well-known Hoesch trademark in the palm oil industry and offering filters to their clients at a more competitive price than before”, says Mr Toivo Matti Karppanen, President & CEO of Larox Corporation. PMI is a Malesian family company, which manufactures filter presses and chamber filter presses and works in contract manufacturing. Larox has cooperated with PMI related to palm fruit and its oil refining applications for over twenty years. PMI has offices in Malesia and Indonesia. Palm oil is, in addition to soya oil, one of the widest used vegetable oils. Palm oil (from fruit) and palm kernel oil (from seeds) are produced from palm fruit. Other important plants used in vegetable oil production are olive tree, maize, rape and different nut plants such as peanut. Vegetable oil is among other things used in cooking, soap manufacturing industry and dissolvent in paints and increasingly as fuel(biodiesel). Lappeenranta on 21 February 2007 for Larox Corporation Toivo Matti Karppanen President & CEO For more information: Tel +358-5-668811 Email: topi.karppanen@larox.com Distribution: Helsinki Stock Exchange Central Media, www.larox.com