Uponor Corporation Stock exchange release 16 Dec. 2008 9.30 EET Jyri Luomakoski appointed President and CEO of Uponor Uponor Corporation's Board of Directors has today appointed CFO and Deputy CEO Jyri Luomakoski, MBA, President and CEO of the Uponor Group and its parent company. Luomakoski (41) has acted as CEO on an interim basis since 27 Oct. 2008, when the previous CEO Jan Lång left the company. Jyri Luomakoski has served Uponor since 1996, most recently as CFO and Deputy CEO. For more than 4 years, he has also been responsible for the company's municipal business in North and South America as well as in the UK and Ireland. Uponor's Board initiated the search for a new CEO, assisted by an external consultant, in August, when the previous CEO announced his resignation. The extensive search covered both internal and external candidates. Chairman of the Board, Jari Paasikivi comments: - We weighed between several strong candidates with a diverse background and experiences, and reached a unanimous decision. Jyri Luomakoski's international management experience spans over a period of 20 years. He has served Uponor during the past two CEOs, and has gained a versatile experience from the company's business during its different phases. - Jyri has a broad network of contacts in the different stakeholder groups of the company. Moreover, he has a firm support within the Board as well as amongst his colleagues. This gives him a good platform to bring the company forward during these challenging times. - As an additional bonus, we noted the fact that Jyri is centrally involved in current development initiatives of the company, which naturally makes it possible to continue with the renewal of the company and its development initiatives. Jyri Luomakoski will, for the time being, also continue as CFO. Changes in the Finance and Administration function management will be announced separately. Uponor Corporation Board of Directors Further information from: Jari Paasikivi, Chairman of the Board Tel +358 500 530 375 * * * * * Jyri Luomakoski's public insider register can be reached through the Uponor website, at www.uponor.com > About us > Administration. Jyri Luomakoski's CV and picture is available at the Uponor website, at www.uponor.com > News and publications > Press. Tarmo Anttila Vice President, Communications Tel +358 20 129 2852 DISTRIBUTION NASDAQ OMX Helsinki Media www.uponor.com Uponor is a leading supplier of plumbing and heating systems for the residential and commercial building markets across Europe and North America, and a market leader in municipal infrastructure pipe systems in the Nordic countries. Uponor's key applications include indoor climate and plumbing systems. The Group employs 4,000 persons in 27 countries. In 2007, Uponor's net sales (pro forma) totalled 1,050 million euros. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd., Finland. Http://www.uponor.com