Kemira Oyj - Inside information

Kemira Oyj considers issuance of new notes and announces voluntary tender offer of its outstanding notes maturing in May 2019

Kemira Oyj
Stock Exchange Release
May 10, 2017 at 10.00 am (CET+1)

Kemira Oyj considers issuance of new notes and announces voluntary tender offer
of its outstanding notes maturing in May 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH
CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES (AS DEFINED BELOW), THE
TENDER OFFER (AS DEFINED BELOW) OR THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.

Kemira Oyj announces its intention to issue new euro-denominated fixed rate
notes (the "New Notes"). Nordea Bank AB (publ) (the "Offeror") today also
announces that it invites the holders of the EUR 200,000,000 2.500 per cent
Notes due 27 May 2019 (ISIN: FI4000097084) (the "Notes"), issued by Kemira Oyj,
to tender their Notes for cash on the terms and conditions set out in the tender
offer memorandum dated 10 May 2017 (the "Tender Offer").

The Offeror proposes to accept for purchase an aggregate principal amount of
Notes validly tendered in the Tender Offer of up to EUR 100,000,000, although
the Offeror reserves the right, in its sole discretion, to decide on the
acceptance of the Notes, including not to accept any Notes. If the Offeror
decides to accept for purchase valid tenders of Notes pursuant to the Tender
Offer and the aggregate principal amount of Notes validly tendered pursuant to
the Tender Offer is greater than the amount subject to the Tender Offer (the
"Final Acceptance Amount"), the Offeror intends to accept such Notes for
purchase on a pro rata basis.

The purchase price of the Notes is EUR 1,049.86 per EUR 1,000.00 in nominal
amount of the Notes. Accrued and unpaid interest will be paid in respect of all
Notes validly tendered and delivered and accepted for purchase.

Whether the Offeror will accept for purchase any Notes validly tendered is
subject to, without limitation, the pricing of the issue of the New Notes and
the signing by the Joint Lead Managers and Kemira of an issuance agreement.

The Tender Offer period begins on 10 May 2017 and closes at 4:00 p.m. Finnish
time (EEST) on 17 May 2017. The indicative tender offer results will be
announced on or about 18 May 2017, and the final tender offer results and
completion date will be announced as soon as feasible, and no later than 26 May
2017. The settlement date of the Tender Offer will in no case be later than 2
June 2017, subject to the completion of the issue of the New Notes.

A noteholder that wishes to subscribe for New Notes in addition to tendering
Notes for cash pursuant to the Tender Offer may receive priority in the
allocation of the New Notes (the "New Issue Allocation"). The New Issue
Allocation may be given for an aggregate nominal amount of New Notes up to the
aggregate nominal amount of Notes subject to a noteholder's valid tender
instruction, where an allocation of New Notes is also requested. Such tender
instruction must relate to a minimum of EUR 100,000 in aggregate nominal amount
of Notes in order to comply with the minimum subscription amount of the New
Notes. New Issue Allocations will be subject to the same pro rata scaling as the
Notes pursuant to the Tender Offer, so the priorities in the New Issue
Allocation will never exceed the Final Acceptance Amount.

If any noteholder wishes to subscribe for New Notes it must make an application
to subscribe for such New Notes to any of the Joint Lead Managers of the issue
of the New Notes. Nordea Bank AB (publ) and OP Corporate Bank Plc act as Joint
Lead Managers for the issue of the New Notes.

Nordea Bank AB (publ) acts as Offeror and Dealer Manager and Nordea Bank AB
(publ), Finnish Branch acts as Tender Agent for the Tender Offer. Information in
respect of the Tender Offer may be obtained from the Offeror and Dealer Manager:
email: NordeaLiabilityManagement@nordea.com / tel: +45 61612996.

For more information, please contact:

Kemira Oyj
Pauliina Paatelma, Vice President, Group Treasurer
Tel.  +358 40 572 5014



Kemira is a global chemicals company serving customers in water-intensive
industries. We provide expertise, application know-how and chemicals that
improve our customers' product quality, process and resource efficiency. Our
focus is on pulp & paper, oil & gas, mining and water treatment. In 2016, Kemira
had annual revenue of around EUR 2.4 billion and 4,800 employees. Kemira shares
are listed on the Nasdaq Helsinki Ltd.
www.kemira.com

Important Information

The   information   contained   herein   is  not  for  release,  publication  or
distribution, in whole or in part, directly or indirectly, in or into the United
States,  Australia, Canada, Hong Kong, Japan,  New Zealand, South Africa or such
other  countries  or  otherwise  in  such  circumstances  in  which the release,
publication  or distribution would be unlawful. The information contained herein
does not constitute an offer to sell or the solicitation of an offer to buy, nor
shall  there be  any sale  of, the  New Notes  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  for sale in the
United  States. The New Notes have not been and will not be registered under the
U.S.  Securities Act  of 1933, as  amended (the  "Securities Act")  or under the
applicable  securities laws  of any  state of  the United  States and may not be
offered  or sold, directly or indirectly, within the United States or to, or for
the  account  or  benefit  of,  U.S.  persons  except  pursuant to an applicable
exemption   from,   or  in  a  transaction  not  subject  to,  the  registration
requirements of the Securities Act.

This  communication does not constitute  an offer of New  Notes to the public in
the  United Kingdom. No  prospectus has been  or will be  approved in the United
Kingdom  in  respect  of  the  New  Notes.  Consequently,  this communication is
directed  only at (i) persons  who are outside the  United Kingdom, (ii) persons
who  have  professional  experience  in  matters relating to investments falling
within  Article 19(5) of the Financial  Services and Markets Act 2000 (Financial
Promotion)  Order  2005 (the  "Order"),  (iii)  high  net worth entities falling
within Article 49(2) of the Order and (iv) other persons to whom it may lawfully
be  communicated  (all  such  persons  together  being  referred to as "relevant
persons").  In addition,  this communication  is, in  any event only directed at
persons  who  are  "qualified  investors"  pursuant  to the Prospectus Directive
(2003/71/EC,  as amended). Any  investment activity to  which this communication
relates  will only  be available  to, and  will only  be engaged  with, relevant
persons.  Any person who is not a relevant person should not act or rely on this
document or any of its contents.










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