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Kemira Oyj (HEL:KRA1V) Kemira: Tikkurila To Acquire A Sales Company In Slovakia

Kemira Oyj (HEL:KRA1V) Kemira Group Press Release December 15, 2008 at 12.00 am (CET+1)

Following its strategy of growth, Tikkurila, which is responsible for Kemira's paints and coatings business, will strengthen its position in Eastern Europe by acquiring the sales company Finncolor Slovakia s.r.o. operating in Martin, Slovakia. Tikkurila will purchase 100% of the company's shares from its management. The ownership will be transferred to Tikkurila on December 31, 2008, and the company name will be changed into Tikkurila Slovakia s.r.o. The parties have agreed on not disclosing any financials details.

Until now, Finncolor Slovakia has acted as Tikkurila's importer for decorative paints and industrial coatings in Slovakia. Tikkurila has been exporting its products to the country since the mid 1990s. In 2007, Finncolor's operations in the Slovakian paint market had a revenue totalling approximately EUR 3 million.

This acquisition is aimed at strengthening Tikkurila's position in a strategic core area in Eastern Europe. Tikkurila Slovakia s.r.o. will have its own sales and marketing organisation, warehouse in Martin and shops in Bratislava, Martin and Presov.

For more information, please contact:

Tikkurila Oy (Kemira Coatings)

Markku Immonen, Vice President, Tikkurila Deco International Mobile phone +420 724 603 368

Ilpo Jousimaa, President, Tikkurila Industrial Coatings Phone +358 9 8577 4400, mobile phone +358 400 499 855

Susanna Aaltonen, Vice President, Group Communications Phone +358 9 8577 2488, mobile phone +358 40 593 4221

www.tikkurila.com, www.finncolor.sk, www.kemira.com/en

Tikkurila (Kemira Coatings) is the leading regional paints and coatings company in Finland, Sweden and Russia and one of the leading in its field in the Baltic countries, providing consumers and professionals with branded products in approximately 40 countries. The product range consists of decorative paints and coatings for the wood and metal industries. In 2007, the company had a revenue of approximately EUR 625 million and a payroll of 3,800 employees.

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

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Kemira Oyj

http://www.kemira.com

ISIN: FI0009004824

Stock Identifier: XHEL.KRA

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Kemira Oyj

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