Kemira Oyj - Company Announcement

Kemira sets over EUR 20 million savings target in Finland

Kemira Group
Stock exchange release
August 4, 2008 at 10.30 am (CET+1)

Kemira has launched a group-wide global savings program to improve
the profitability. Kemira aims to save more than EUR 50 million per
annum, of which more than EUR 20 million is planned to come from
Kemira's Finnish operations. Cost-reduction measures will include
improvements to the group's structure, organization and current
operating models.

Kemira has today announced the commencement of co-determination
negotiations at 5 of the group's Finnish sites. Negotiations will be
commenced at Oulu, Vaasa, Äetsä, Espoo and Helsinki sites. The
restructuring and savings program may involve a net reduction of up
to 300 jobs in Finland."We intend to achieve personnel cost reductions in the first place by
reorganising tasks and re-allocating positions and by pension plans.
None of our Finnish sites will be closed, but the possibility of some
direct layoffs cannot unfortunately be ruled out. Over the next few
weeks, we will negotiate the process with our employee
representatives," states Jukka Oinonen, VP, Human Resources, Kemira
Finland. Kemira has approximately 10,700 employees worldwide, almost
3,000 of whom are based in 13 sites in Finland.

Kemira Oyj
Timo Leppä, Executive Vice President, Group Communications



For more information, please contact

Kemira Oyj

Jukka Oinonen
Vice President, Human Resources, Finland
Phone: +358 10 862 1006

Timo Leppä
Executive Vice President, Group Communications
Phone +358 10 862 1700



Kemira will be a focused company, the best in water and fiber
management chemistry.
In 2007, Kemira recorded revenue of approximately EUR 2.8 billion and
had a staff of 10,000. Kemira operates in 40 countries.

www.kemira.com

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