Kemira Oyj - Company Announcement

Kemira Oyj establishes a new share-based incentive plan for management and key employees

Kemira Oyj
Stock Exchange Release
December 16, 2014 at 1.00 pm (CET+1)

The Board of Directors of Kemira Oyj has decided to establish a new long-term
share-based incentive plan directed to a group of key employees in Kemira. The
aim of the new plan is to combine the objectives of the shareholders and the
persons participating in the plan in order to increase the value of Kemira, to
commit the participants to Kemira, and to offer them a competitive reward plan
based on earning Kemira's shares.

The new Performance Share Plan includes three performance periods, calendar
years 2015, 2016 and 2017. The Board of Directors of Kemira will decide on the
Plan's performance criteria and on the required performance levels for each
criterion at the beginning of each performance period. The potential reward of
the Plan from the performance period 2015 will be based on the Kemira Group's
revenue and on the Group's operative EBITDA margin.

The potential reward from the performance period 2015 will be paid partly in
Kemira's shares and partly in cash in 2016. The cash proportion is intended to
cover taxes and tax-related costs arising from the reward to the participant. As
a rule, no reward will be paid, if a participant's employment or service ends
before the reward payment.

The shares paid as reward may not be transferred during the restriction period,
which will end two years from the end of the performance period. Should a
participant's employment or service end during the restriction period, as a
rule, he or she must gratuitously return the shares given as reward.

The Board of Directors recommends that a member of the Management Board will own
such number of Kemira's shares that the total value of his or her shareholding
corresponds to the value of his or her annual gross salary as long as the
membership continues. If this recommendation is not yet fulfilled, the Board of
Directors recommends that a member of the Management Board will hold 50 per cent
of the net number of shares given on the basis of this plan also after the end
of the restriction period, as long as his or her shareholding in total
corresponds to the value of his or her annual gross salary.

The Performance Share Plan is directed to approximately 90 people. The rewards
to be paid on the basis of the 2015 earning period of the Performance Share Plan
correspond to the value of an approximate maximum total of 585,000 Kemira Oyj
shares and additionally the cash proportion intended to cover taxes and tax-
related costs.

Kemira Oyj
Board of Directors



For more information, please contact

Kemira Oyj
Jukka Hakkila, Group General Counsel
Tel. +358 10 862 1690

Tero Huovinen, VP, Investor Relations
Tel. +358 10 862 1980


Kemira is a global chemicals company serving customers in water-intensive
industries. We provide expertise, application know-how and chemicals that
improve our customers' water, energy and raw material efficiency. Our focus is
on pulp & paper, oil & gas, mining and water treatment. In 2013, Kemira had
annual revenue of EUR 2.2 billion and around 4,500 employees. Kemira shares are
listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com


[HUG#1880532]

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Link to the release.pdf