Kemira Oyj

Major Shareholding Notification • Nov 24, 2009

Kemira Oyj: Notification in accordance with Chapter 2, Section 10 of the Finnish Securities Market Act

Kemira Oyj has on November 23, 2009 received the following notification:

NOTIFICATION OF A CHANGE IN SHAREHOLDING IN ACCORDANCE WITH CHAPTER 2, SECTION 9 OF THE SECURITIES MARKET ACT

1 Identity of the issuer of shares

Kemira Oyj, business ID 0109823-0

2 Full name of shareholder subject to the notification obligation

Varma Mutual Pension Insurance Company (hereinafter referred to as "Varma").

Business ID and address:

• Business ID: 0533297-9
• Address: Salmisaarenranta 11, FI-00180 Helsinki, Finland

3 Reason for the notification

Decision taken on November 23, 2009 by the Board of Directors of Kemira Oyj on the carrying out of a rights offering, and the subscription commitment and subscription guarantee related to it that were signed by Varma on October 28, 2009 and announced on the same date.

4 Flagging threshold that is exceeded if the rights offering and Varma's subscription commitment and subscription guarantee are carried out in full

Varma's share of the total number of shares and voting rights exceeds 1/10.

5 Varma's shareholding at the moment

Varma has only direct shareholding as follows:

ISIN code	Number of shares	% of total number of shares	Number of voting rights	% of total number of voting rights
FI0009004824	12,148,669	9.72%	12,148,669	9.72%

The percentages of shares and voting rights have been calculated in proportion to the total number of shares registered with the Trade Register and the total number of voting rights related to them, i.e. a total of 125,045,000 shares and voting rights.

6 Varma's shareholding if the rights issue and Varma's subscription commitment and subscription guarantee are carried out in full

7 New shares and votes

If Varma's subscription commitment and subscription guarantee are carried out in full, Varma will increase its shareholding by 4,508,937 shares and voting rights.

7.1 New shareholding

Number of shares	% of total number of shares	Number of voting rights	% of total number of voting rights
16,657,606	10.72%	16,657,606	10.72%

The percentages of shares and voting rights have been calculated in proportion to the number of shares and voting rights that the company will have outstanding if the rights offering is carried out in full, i.e. 155,342,557 shares and voting rights.

Helsinki, November 23, 2009

VARMA MUTUAL PENSION INSURANCE COMPANY

Helsinki, November 24, 2009

Päivi Antola Senior Manager, IR and Financial Communications

For further information, please contact:

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

Päivi Antola, Senior Manager, IR and Financial Communications Tel. +358 10 862 1140

Kemira is a global 2.8 billion euro chemicals company that is focused on serving customers in waterintensive 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