- In its CMD today, Uponor Corporation will announce that its efforts to execute its growth strategy are proceeding as planned. - According to Uponor, the construction markets in Europe are expected to grow next year, but growth is likely to be weaker than in 2007. In the United States, the residential housing market is expected to weaken further in 2008, but commercial construction should remain on a satisfactory level. - Uponor estimates that its 2008 net sales and operating profit will increase from the 2007 levels. The cornerstones of Uponor's strategy are the following three initiatives: - Establish high-rise leadership - Enhance single-family leadership - Exploit infrastructure leadership. In his presentation, Uponor's CEO, Jan Lång, will focus on describing the high-rise initiative in particular. According to Lång, entering this new business segment will require that the company extend its value chain from its traditional distributor and installer focus to new actors in the trade. Lång emphasises that Uponor has begun taking steps in various countries to deepen its relationship with real estate owners, builders, construction service providers as well as designers and planners, among others. Anders Tollsten, Executive Vice President for Uponor North America since 2006, will deliver a presentation on the company's robust initiatives to develop its business and grow net sales in North America. He will say that Uponor plans to almost triple its North American sales organisation from its 2006 level. Earlier in the autumn, Uponor announced the launch of a factory expansion to increase manufacturing capacity for North America. Jyri Luomakoski, CFO and Deputy CEO, will tell about the company's largest development initiative so far, to renew the company's resource planning system. From next year, it is planned that the new ERP system will serve most of the company's housing solutions business in Europe. In addition, Uponor will shed light on the current outlook in key markets. A webcast of the presentations will be arranged and, as of tomorrow at the latest, a recorded video will be available at the company's website (http://www.uponor.com/investors). All presentations will also be available at www.uponor.com. Further information: Jan Lång, CEO, Tel +358 20 129 2822 Jyri Luomakoski, CFO and Deputy CEO, Tel +358 40 515 4498 Uponor Corporation Tarmo Anttila Vice President, Communications Tel +358 20 129 2852 DISTRIBUTION: OMX Nordic Exchange - Helsinki Media www.uponor.com