Stock exchange release

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 shares
    %  of total number of shares
    Number of voting rights
    % of total number of voting 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 shares
    % of total number of shares
    Number of voting rights
    % of total number of voting rights
    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.
     
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