The Board of Directors of Larox Corporation has decided on a new share-based incentive plan for the Larox Group key personnel. The plan includes one four-year earning period which began on 1 January 2007 and will end on 31 December 2010. The prerequisite for participation in the plan and receipt of the reward is that a key person owns Larox Corporation B-shares to the amount decided by the Board of Directors in advance. Reward will be paid on the basis of the plan partly as the Company's B-shares and partly in cash in 2009, 2010 and 2011. The proportion to be paid in cash will cover taxes and tax-related costs arising from the reward. It is prohibited to transfer the shares within two years from the reward payment (restriction period). If a key person's employment or service ends during the restriction period, he/she must gratuitously return the shares paid as reward to the Company. As to the members of the Management Team, the owning obligation concerning the shares received on the basis of the plan will continue as long as their employment or service in the Group continues, in the manner decided by the Board of Directors. The potential reward from the plan will be based on the Group's key figure Earnings per Share (EPS). The plan is directed to 30 - 40 people. The rewards to be paid on the basis of the plan will correspond to a maximum total of approximately 300,000 Larox Corporation B-shares. Lappeenranta, 30 May 2007 Larox Corporation Timo Vartiainen Chairman of the Board of Directors Tel. No. +358 5 668 8305 Distribution: Helsinki Stock Exchange Main Media www.larox.com 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 over 440 employees. Larox Group is headquartered in Lappeenranta, Finland. Product factories are located in Lappeenranta and Utrecht, The Netherlands. Net sales in 2006 totalled 122.8 million euros, of which more than 95 % were generated by exports and the company's foreign operations.
THE BOARD OF DIRECTORS OF LAROX CORPORATION DECIDED ON AN INCENTIVE PLAN FOR KEY PERSONNEL
| Source: Larox Oyj