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19/10/2004

The over-allotment option regarding Kemira GrowHow Oyj shares has been exercised in full

Not for release, publication or distribution in the United States of America.

Alfred Berg/ABN AMRO Rothschild, Sole Global Coordinator and Bookrunner in the offering of Kemira GrowHow Oyj shares, has decided to exercise the over-allotment option granted by Kemira Oyj to increase the amount of shares to be sold by 2,860,443 additional shares. Pursuant to the underwriting agreement, the purchase price was EUR 5.25 per share.

As a result of a trade executed today on the Helsinki Stock Exchange, Kemira Oyj’s ownership in Kemira GrowHow Oyj has declined from 11,384,563 shares (19.9%) to 8,524,120 shares (14.9%).

Kemira Oyj has sold 18,650,087 Kemira GrowHow Oyj shares in total in the offering.


Additional information:

Kemira Oyj
Esa Tirkkonen, deputy CEO, CFO
tel. +358 (0)10 862 1500, gsm +358 (0)50 502 2738

Kemira Oyj
Sami Koski, Group General Counsel
tel. +358 (0)10 862 1639, gsm +358 (0)40 722 7575


The information contained herein is not for publication or distribution into the United States. The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the laws of any state, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities law of any such jurisdiction.