Securities Market Act Ch 2 Sect 10: Notice on merger of Oras companies

12/30/2004, 12:56 PM (Source: GlobeNewswire)
Uponor Corporation Stock exchange announcement 30 December 2004 13:50

According to the notice Uponor received today, the Finnish companies
that are major shareholders in Uponor Corporation, Oras
Administration Ltd, Oras Marketing Ltd and Oras Technology Ltd have
merged into a new company, Oras Administration Ltd, which has today
been registered in the Trade Register. The company's name will be
changed to Oras Invest Ltd on 3 January 2005.

Due to the merger, the previous separate shareholdings are now
combined under Oras Administration Ltd and its subsidiary Oras Ltd,
and they have over one fifth (1/5) of the total votes in Uponor

The ownership of Oras Administration Ltd and its subsidiary in Uponor
Corporation is as follows:

Shares % of % of
(Amount) shares votes
Oras Administration Ltd 14,354,980 19.2% 19.2%
(business ID 1908260-8)
Oras Ltd 2,116,800 2.8% 2.8%
(business ID 0213061-8)
Total 16,471,780 22.0% 22.0%

Uponor Corporation's total number of shares is 74,820,444
corresponding to the same number of votes.

Uponor Corporation

Tarmo Anttila
Vice President, Communications

HEX Helsinki Exchanges
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