Uponor Corporation initiates share buyback

12/8/2004, 5:27 PM (Source: GlobeNewswire)
Uponor Corporation Stock Exchange Announcement 8 Dec 2004 18:25

The Board of Directors of Uponor Corporation has today decided to buy
back a maximum of 2 million of its own shares on the basis of the
authorisation given by the Annual General Meeting on 17 March 2004.

Shares will be bought back in public trading on the Helsinki Stock
Exchange at the market price quoted at the time of the buyback, as
provided by the regulations on public trading of shares. The buyback
will not be initiated until a week has elapsed from the public
announcement of this resolution.

Uponor will buy back shares to use them as consideration in
connection with any acquisitions and other industrial restructuring,
develop the capital structure of the company, finance investments,
dispose of them in some other way or invalidate them. The share
buyback will reduce the company's unrestricted equity.

Uponor Corporation
Tarmo Anttila
Vice President, Communications



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