LAROX CORPORATION COMPANY ACCOUNCEMENT ON 26 MARCH 2008 AT 3.30 pm Larox establishes a subsidiary in China Larox establishes a subsidiary in China. The new subsidiary will be responsible for filter sales and after market services to the existing and potential Larox customers in China. Furthermore, the subsidiary will purchase components from local suppliers. The company will also start local assembly of filters, primarily for the needs of Chinese and Asian markets. These actions are to be completed during the current year so that the subsidiary would be fully operational during the first half of 2009. “The establishment of subsidiary aims at improving our ability to serve current and new customers in the growing Chinese and Asian markets. We believe that access to local markets with full product portfolio supported by local assembly and sourcing will improve our competitiveness globally and strengthen our position as a supplier of solid/liquid separation solutions for customers in mining, metallurgical and chemical process industries”, says Topi Karppanen, President & CEO of Larox Corporation. Larox has a strong position as a supplier of filter solutions and their after sales services in China and elsewhere in Asia. In China Larox has operated through an agent. In other important countries in the region Larox operates through its agent network. Larox Corporation Topi Karppanen President & CEO For further information: Topi Karppanen Phone. +358 (0) 20 7687210 Fax +358 (0) 20 7687277 topi.karppanen@larox.com Distribution OMX Nordic Exchange in Helsinki, 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 over 460 employees. Larox Group is headquartered in Lappeenranta, Finland where the Group also has production facilities. Net sales in 2007 totaled 158.3 million euros, of which more than 95 % were generated by exports and the company's foreign operations