Kemira Oyj: Final results of the rights offering and registration of new shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR THE UNITED STATES. 

Kemira Group
Stock exchange release
December 29, 2009 at 12.00

The subscription period of Kemira Oyj's (”Kemira” or the ”Company”) rights
offering expired on December 18, 2009. A total of 41,804,402 new shares were
subscribed for in the offering representing approximately 138.0 percent of the
30,297,557 shares offered in the offering. A total of 30,153,040 shares were
subscribed for pursuant to the subscription rights representing approximately
99.5 percent of all shares offered. The remaining offered shares were
subscribed for without subscription rights. 

The Board of Directors of Kemira has today approved in full all subscriptions
made pursuant to the subscription rights. Thereafter, in accordance with the
terms and conditions of the offering, the subscriptions without subscription
rights of those shareholders of the Company, who were registered in the
Company's shareholders' register on the record date of the offering on November
26, 2009 and who exercised subscription rights, were approved. Due to the
over-subscription of the offering, the subscriptions without subscription
rights had to be cut and the allocation of the shares was determined in
proportion to the number of subscription rights used for subscription of the
offer shares per each book-entry account. The subscription guarantees by Oras
Invest Ltd, Solidium Oy, Varma Mutual Pension Insurance Company and Ilmarinen
Mutual Pension Insurance Company were not used. 

The Company will confirm the approval or rejection of subscriptions for offer
shares subscribed for without the subscription rights by sending a letter to
those shareholders of the Company that have given a subscription assignment for
the subscription of offer shares without subscription rights. In accordance
with the terms and conditions of the offering, the subscription price paid for
the unallocated offer shares will be refunded to the subscriber on or about
December 30, 2009. 

The subscription price was EUR 6.60 per share and Kemira raised gross proceeds
of approximately EUR 200 million through the offering. As a result of the
offering, the total number of shares in Kemira will increase to 155,342,557
shares. The shares subscribed for in the offering will carry the right to
receive dividends and other distributions of funds, if any, and other
shareholder rights in the Company after the offer shares have been registered
with the Trade Register, on or about December 30, 2009. 

Trading in the interim shares representing the shares subscribed for pursuant
to the subscription rights, as a separate class, commenced on December 21,
2009. The interim shares will be combined with Kemira's current share class,
when the shares subscribed for in the offering have been registered with the
Trade Register. Such combination is expected to occur on or about December 30,
2009, when the trading in the new shares will also commence on the official
list of NASDAQ OMX Helsinki Ltd. The allocated shares subscribed for without
subscription rights will be recorded directly as Kemira's shares on the
subscriber's book-entry account on or about December 30, 2009. 

Helsinki, December 29, 2009

Kemira Oyj
Board of Directors

For more information, please contact:

Jyrki Mäki-Kala, CFO
Tel. +358 10 86 21589

Päivi Antola, Senior Manager, IR and Financial Communications,
Tel. +358 10 86 21140

KEMIRA

Kemira is a global 2.8 billion euro chemicals company that is focused on
serving customers in water-intensive industries. The company offers water
quality and quantity management that improves customers' energy, water, and raw
material efficiency. Kemira's vision is to be a leading water chemistry
company. Its paints and coatings business, Tikkurila, aims to be the market
leader in decorative paints and selected wood and metal coatings in chosen
markets. 

www.kemira.com

DISCLAIMER:

The information contained herein is not for publication or distribution,
directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, South
Africa or the United States. These written materials do not constitute an offer
of securities for sale in the United States, nor may the securities be offered
or sold in the United States absent registration or an exemption from
registration as provided in the U.S. Securities Act of 1933, as amended, and
the rules and regulations thereunder. There is no intention to register any
portion of the offering in the United States or to conduct a public offering of
securities in the United States. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

This communication does not constitute an offer of securities to the public in
the United Kingdom. No prospectus has been or will be approved for publication
in the United Kingdom in respect of the securities. Consequently the securities
must not be sold or offered for sale in the United Kingdom, except to persons
who fall within the exemptions set out in the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended.