LAROX CORPORATION COMPANY ANNOUNCEMENT 26 March 2009 at 2 pm LAROX CORPORATION SHARE OWNERSHIP PLAN 2007-2010 - DIRECTED SHARE ISSUE The Board of Directors of Larox Corporation decided on 26 March 2009 on a directed share issue for the reward payment from the measuring period 2007-2008 of the Share Ownership Plan 2007-2010. In the share issue 44,350 Larox Corporation new B shares will be issued and conveyed without consideration to the key persons participating in the Share Ownership Plan according to the terms and conditions of the plan. The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on 30 March 2007. Number of shares after the directed share issue: -------------------------------------------------------------------------------- | | Number of shares | -------------------------------------------------------------------------------- | Larox series A | 7,301,950 | -------------------------------------------------------------------------------- | Larox series B | 2,124,000 | -------------------------------------------------------------------------------- | Total number of shares | 9,425,950 | -------------------------------------------------------------------------------- The directed share issue does not affect the company's share capital. For further information please contact Larox Corporation Hanne Peltola Director, Human Resources and Corporate Communications Phone +358 207 687 200 or +358 400 237 191 E-mail: hanne.peltola@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 590 employees. Larox Group is headquartered in Lappeenranta, Finland where the Group also has production facilities. Net sales in 2008 totaled 208.0 million euros, of which more than 93 % were generated by exports and the company's foreign operations.