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More than 90% of all Larox shares and votes tendered to Outotec

Friday, January 22nd, 2010

According to preliminary information received by Outotec Oyj, Outotec has, by January 21, 2010, been offered in its mandatory public tender offer for Larox Corporation (“Larox”) (the “Tender Offer”) an amount of Larox shares, which together with the Larox shares already owned by Outotec represents approximately 90.2% of all the Larox shares and approximately 98.1% of all the votes attached to the Larox shares.
The offer period under the Tender Offer commenced on December 28, 2009. The Tender Offer is made for all the series A and B shares issued by Larox, which are not in the ownership of Outotec or which Larox does not own, as well as for the unused subscription rights relating to the 1994 bonus issue by Larox (the “Subscription Rights”).
The Larox shares and Subscription Rights tendered in the Tender Offer are transferred to the ownership of Outotec in connection with the completion of the Tender Offer in accordance with the terms and conditions of the Tender Offer. Should Outotec’s holding in Larox in accordance with the final result of the Tender Offer exceed 90% of all the Larox shares and the votes attached to the shares, Outotec shall have a right and obligation to redeem the remaining shares issued by Larox.
The offer period under the Tender Offer expires today at 4.00 pm (Finnish time).

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