Home News 2008 Outotec's third water supply facility project in Sri Lanka will not go ahead
December 5, 2008 11:00:00 AM CET

Outotec's third water supply facility project in Sri Lanka will not go ahead

OUTOTEC OYJ STOCK EXCHANGE RELEASE, DECEMBER 5, 2008 AT 11.00 AM

Outotec's third water supply facility project in Sri Lanka will not
go ahead

Outotec's drinking water supply facility project in Sri Lanka,
announced on September 3, 2007, will not be implemented due to
further delayed financing. The parties have mutually agreed not to go
ahead with the project according to the terms agreed in the supply
contract over a year ago. The contract was worth USD 100 million
(approximately EUR 75 million) and subject to signing of a loan
agreement by the Government of Sri Lanka.

Because the supply contract was conditional and subject to financing,
it has never been included in Outotec's order intake and order
backlog. The fact that the project will not be implemented does not
affect Outotec's outlook for 2008.

Outotec has already delivered one water supply facility in 2003 in
Sri Lanka, is currently implementing the second drinking water
project, due for completion in 2009, and continues developing new
water business in Sri Lanka and elsewhere in Asia.


For further information please contact:

OUTOTEC OYJ

Jari Rosendal, President - Minerals Processing division
tel. +358 20 529 2700, mobile +358 40 5951456
e-mail: jari.rosendal(at)outotec.com

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, mobile +358 400 817198
e-mail: eila.paatela(at)outotec.com


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