Kemira Oyj - Company Announcement

Kemira Oyj completes the acquisition of AkzoNobel paper chemicals business

Kemira Oyj
Stock Exchange Release
May 4, 2015 at 2.30 pm (CET+1)

Kemira has completed the acquisition of AkzoNobel paper chemicals business
announced on July 8, 2014.

The value of the transaction is EUR 153 million and it will become cash-
effective in the second quarter of 2015. The acquired business is expected to
increase revenue by more than EUR 200 million on an annualized basis as of the
completion date.

As communicated earlier, six of the AkzoNobel paper chemicals manufacturing
sites and approximately 350 employees will be transferred to Kemira. Kemira will
also increase the production capacity of its own paper chemical manufacturing
sites in order to realize expected production synergies. The integration period
of the transaction is expected to last approximately two years and result in EUR
15 million net synergies on an annualized basis. The production sites to be
transferred to Kemira are located in South Korea, Thailand, Indonesia,
Australia, Spain and Italy."This acquisition strengthens our market position, especially in the growing
APAC region. It also enables substantial efficiency improvements in our global
paper chemicals manufacturing network. Most importantly, we gain new
competencies and technological capabilities through 350 paper chemical experts
and six manufacturing facilities - extending our ability to deliver best in
business expertise and services to our customers. I want to warmly welcome all
the new employees to Kemira, now the only pulp and paper chemistry provider with
a truly global reach, says Jari Rosendal, Kemira's President and CEO."


For more information, please contact

Kemira Oyj
Jari Rosendal, President and CEO
Tel. +358 10 862 1801

Matti Lapinleimu, Vice President, Mergers & Acquisitions
Tel. +358 10 862 1786

Tero Huovinen, Vice President, 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 2014, Kemira had
annual revenue of EUR 2.1 billion and around 4,250 employees. Kemira shares are
listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com

More information about the key customer benefits of the acquisition:
http://pages.kemira.com/extend-your-capabilities


[HUG#1918390]

Attachments:

Link to the release.pdf