LAROX CORPORATION COMPANY ANNOUNCEMENT 27 MARCH 2009 AT 10 AM LAROX CORPORATION AIMS AT A MINIMUM OF 3 MILLION EUROS SAVINGS IN FINLAND The management of Larox has defined the company's savings target in the employee negotiations with the personnel, started on March 3, 2009. In Finland, the savings target in the personnel expenses is at least 3 million euros in comparison with the 2008 realized expenses, and will concern at least 40 persons in form of dismissals, part-time and retirement arrangements. In addition to this, lay-off negotiations concerning the whole personnel of Larox Corporation are going on. “Following the global financial crisis the amount of incoming orders has been on a low level since the end of 2008. Unfortunately, it seems that we will not reach our savings target without dismissals, lay-offs and eventual part-time arrangements. In addition, we are looking with the personnel for other possible actions that would permit us to achieve savings and increase efficiency”, says Mr. Topi Karppanen, President & CEO of Larox Corporation. Simultaneously, Larox implements structural adjustments in order to improve profitability by combining functions and reducing overlappings. “In the beginning of the year, we centralized our Procurement into one global function”, Topi Karppanen says. “Now we are re-organizing our Project Sales in such a way that instead of being organized in two separate project sales units by customer segments this organization will be combined into one organization. Larox's growth strategy is based on the skilled personnel, unique customer service concept, wide product and service portfolio and continuous product development. This structural change will further strengthen and clarify our operations in all these areas, and thus better support Larox's growth strategy.” Further information on the future decisions will be communicated after the employee negotiations are over, which means earliest in the end of April. Larox Corporation For further information: Topi Karppanen President & CEO Phone. +358 (0) 20 7687 210 Fax +358 (0) 20 7687 277 topi.karppanen@larox.com www.larox.com Distribution NASDAQ OMX Helsinki Ltd., 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 590 employees. Larox Group is headquartered in Lappeenranta, Finland where the Group also has production facilities. Net sales in 2008 totaled 208 million euros, of which more than 93 % were generated by exports and the company's foreign operations.