Uponor Corporation to initiate share buyback

Uponor Corporation   
Stock Exchange Release	
6 November 2008	

Uponor Corporation to initiate share buyback

Uponor Corporation's Board of Directors has decided to initiate a share buyback
of a maximum of 200,000 of the company's own shares, based on the authorisation
given by the Annual General Meeting held on 13 March 2008. Uponor will buy back
shares to use them as consideration in connection with the company's
share-based incentive schemes. 

Earlier today, the Board decided on a new incentive programme for a part of the
company's international management. In September 2007, a similar scheme was
introduced to the company's Executive Committee. Both of them expire at the end
of 2011. 

Shares will be bought back in public trading on the NASDAQ OMX Helsinki stock
exchange for 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 one week has elapsed from the public announcement of this Board

The share buyback will reduce the company's unrestricted equity.

Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. +358 (0)20 129 2852

NASDAQ OMX Helsinki 

Uponor is a leading supplier of plumbing and heating systems for the
residential and commercial building markets across Europe and North America,and
a market leader in municipal infrastructure pipe systems in the Nordic
countries. Uponor's key applications include indoor climate and plumbing
systems.  The Group employs 4,200 persons in 27 countries. In 2007, Uponor's
net sales (pro forma) totalled 1,050 million euros, returning an operating
profit of 12.9%. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd.,
Finland. http://www.uponor.com