Kemira Oyj - Company Announcement

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

Kemira Group
Stock Exchange Release
November 24, 2009 at 9.30 am

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 |     %  of |  Number of |   % of total |
|              |     shares |     total |     voting |    number of |
|              |            | number of |     rights |       voting |
|              |            |    shares |            |       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  | % of total |      Number of |   % of total number of |
| shares     |  number of |  voting rights |          voting rights |
|            |     shares |                |                        |
|------------+------------+----------------+------------------------|
| 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 water-intensive 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

Attachments:

Link to the release (Pdf).pdf