Kemira Oyj

M&A Activity • Mar 29, 2023

Disclosure 430821

Kemira Oyj - Inside information

Inside information: Kemira announces a strategic review of its Oil & Gas business

Kemira Oyj, INSIDE INFORMATION, 29.3 2023 AT 4:00 PM (EEST) Inside information: Kemira announces a strategic review of its Oil & Gas business In line with its strategic focus, Kemira's Board of Directors has decided to initiate an evaluation of strategic options for Kemira's Oil & Gas business, including a potential sale of the business. “In our Capital Markets Day 2022, we expressed our interest to grow in water -related applications. In recent years we have invested in the growth of our Oil & Gas business, and we have seen strong revenue growth in the business since 2021. Now is a good time to evaluate the optimal portfolio composition for Kemira in the long term and the strategic alternatives for the Oil & Gas business,” saysKemira's President and CEO, Jari Rosendal. Kemira's Oil & Gas business focuses on shale oil & gas, oil sands tailings treatment, and cEOR (Chemical Enhanced Oil Recovery). In 2022, the revenue of the Oil & Gas business was EUR 377 million, representing approximately 11 % of Kemira's total revenue and 25% of the Industry & Water segment's revenue. Kemira will provide updates on the progress of the strategic review in due course. For more information, please contact: Kemira Oyj Terhi Kivinen, Chief Communications Officer Tel. +35840 8484001 Mikko Pohjala, Vice President, Investor Relations Tel.+358 40838 0709 mikko.pohjala@kemira.com Kemira is a global leader in sustainable chemical solutions for water-intensive industries. We provide the best-suited products and services to improve our customers' product quality, process, and resource efficiency. Our focus is on pulp & paper, water treatment, and energy sectors. In 2022, Kemira had annual revenue of around EUR 3.6 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com