Larox Corporation Company announcement 10.12.2008 at 3 pm Larox's Subsidiary in China receives its Business License Larox's subsidiary in China received its Business License from Suzhou Industrial Park Industrial and Commercial Bureau on December 8, 2008. The business license will now permit Larox to progress with the start-up of the operations. Larox Filtration Technology (Suzhou) Co. Ltd is located in the Suzhou Industrial Park (SIP) near Shanghai. The construction of the production and office premises has progressed well and the subsidiary should be fully operational by May 2009. The subsidiary will be responsible for filter sales, local assembly of filters and after market services in China. Furthermore, the subsidiary will purchase components from local suppliers. "We already have a strong position in China and other Asian countries, but until today, Larox has been operating there through agents. Establishing our own subsidiary in China is part of Larox's growth strategy. Our goal is to increase our market share of the growing Chinese and Asian filter equipment and service market, improve our local customer service and also our global competitiveness", says Topi Karppanen, President and CEO of Larox Corporation." Larox Corporation For further information: Topi Karppanen President & CEO Phone. +358 (0) 20 7687210 Fax +358 (0) 20 7687277 topi.karppanen@larox.com DISTRIBUTION: Nasdaq OMX Helsinki Ltd., Central 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 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