KEMIRA OYJ ANNUAL GENERAL MEETING 3 APRIL 2001: DIVIDEND OF EUR 0.30 PER SHARE, TIMO KALLI TO CONTINUE AS CHAIRMAN OF SUPERVISORY BOARD

Kemira Oyj's Annual General Meeting has confirmed that a dividend of EUR 0.30 per share will be paid for the 2000 financial year. Member of Parliament Timo Kalli will continue as chairman of the Supervisory Board.

Kemira Oyj's Annual General Meeting resolved that a dividend of EUR 0.30 per share is to be paid for the 2000 financial year. The record date for the dividend payout is 6 April 2001 and the dividend will be paid on 18 April 2001.

The Annual General Meeting furthermore resolved that

- The number of the Company's shares shall be reduced by cancelling the own shares in the Company's possession, nevertheless without lowering the share capital.
The number of shares will be reduced by 6 440 000 shares. The share capital will remain unchanged at EUR 217 million.

- The Company's Board of Directors are authorized to purchase a total maximum of 6 118 000 of the Company's shares on Helsinki Exchanges at the prevailing price. This amount corresponds to 5 per cent of the Company's entire shares outstanding.
- In addition, the Company's Board of Directors are authorized to transfer a maximum of 6 118 000 shares which are in the Company's possession, whereby they can be used for the payment of any bonuses that may become due to personnel funds operating within the Group and for the payment of bonuses to the personnel in the event that the Board of Directors decides to introduce a system of this kind. The shares can also be used as consideration in any acquisitions that may be made. The authorizations shall be in force for one year from the Annual General Meeting.

MANAGEMENT'S STOCK OPTION PROGRAMME

The Annual General Meeting resolved that

- Stock options shall be granted to members of management who are employed by Kemira Oyj or its subsidiaries such that the options confer the right to subscribe for a maximum of 2 850 000 Kemira Oyj shares during the period from 2 May 2004 to 31 May 2007.

It is a condition for commencement of the subscription period for the stock options

- that Kemira Oyj's consolidated earnings per share after financial items and before taxes and extraordinary items for the financial years 2001 - 2003 are at least equal to the Kemira Group's earnings per share after financial items and before taxes and extraordinary items for the financial years 1998 - 2000 plus five (5) per cent, i.e. EUR 2.48.
- that the price of Kemira Oyj's share has outperformed a peer group index in the manner described in the terms and conditions of the stock options.

The subscription price will be the average price of the Kemira Oyj share, weighted for trading volume in 2003 and lowered by double the percentage figure by which an index calculated on the share trend of Kemira Oyj's share exceeds the above-mentioned comparative index, and furthermore lowered by the amount of dividends to be out after 31 December 2003. The subscription price will nevertheless be a minimum of the trading-weighted average price of Kemira Oyj's share in January 2001, less the amount of dividends to be paid out after 31 January 2001.



As a consequence of exercise of the stock options, the number of the Company's shares can increase by a maximum of 2 850 000 shares and the share capital by the accounting countervalue of an equal number of shares.

The Annual General Meeting resolved to disapply shareholders' pre-emptive right to subscribe for shares because the stock options are intended as part of the Kemira Group's incentive system for management.

TIMO KALLI TO CONTINUE AS CHAIRMAN OF THE SUPERVISORY BOARD

The Annual General Meeting resolved that the function of the Supervisory Board be continued. The resolution was preceded by voting, with the result that 92.6 per cent of the shares represented were in favour of continuing the function of the Supervisory Board.

Member of Parliament Timo Kalli was re-elected Chairman of Kemira Oyj's Supervisory Board. Member of Parliament Kari Rajamäki will continue as First Vice Chairman and Member of Parliament Hanna Markkula-Kivisilta will continue as Second Vice Chairman.

In addition to the above, the following persons were re-elected to seats on the Supervisory Board: Sirpa Hertell, Risto Ranki, Pekka Kainulainen, and Mikko Långström. Susanna Rahkonen was elected as a new member in place of Marjaana Koskinen.

The firm of independent public accountants KPMG Wideri Oy Ab was re-elected as the Company's auditor, with Hannu Niilekselä, Authorized Public Accountant, acting as chief auditor.