Uponor, Inc. to resolve U.S. class-action suits through enhanced warranty

Uponor Corporation        Stock exchange release           10 June 2015 8.00 EET

Uponor, Inc. to resolve U.S. class-action suits through enhanced warranty

Uponor Corporation’s U.S. operative subsidiary company, Uponor, Inc., its insurers and some of its key trade partners (home builders, plumbers and distributors) have come together to resolve the alleged failure risks of Uponor yellow brass fittings sold in the U.S., in connection with two proposed U.S. class action settlements. The process of obtaining court approval of the final settlement terms is underway, as a result of which certain details of the proposed settlement terms have been made public.

While the class-action settlements are a path to resolving litigation involving the yellow brass fittings sold in the U.S., Uponor continues to have a high level of confidence in the long-term performance of these products, since they have an excellent track record. According to the terms of the settlements, Uponor, Inc. will provide building owners with an enhanced warranty to cover potential fitting failures.

Uponor, Inc.’s obligations under the terms of the proposed settlements will have no material financial impact on the consolidated results of Uponor Corporation.

Further information from:
Riitta Palomäki, CFO, Uponor Corporation, Tel +358 20 129 2822

Uponor Corporation

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

NASDAQ Helsinki

Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. The Group employs approx. 3,800 persons, in 30 countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation is listed on NASDAQ Helsinki in Finland. www.uponor.com