DIVIDEND EUR 0.3 PER SHARE: KEMIRA WILL ANNUL OWN SHARES AND CONTINUE PURCHASE OF OWN SHARES

Kemira Oyj board of directors proposes to the annual general meeting of shareholders that the number of the company's shares be reduced by annulling the company's own shares held by the company without however lowering the amount of share capital. The number of shares is reduced by 6 440 000 shares at the most. Share capital stays unchanged at EUR 217 million.

Provided that the board's proposal concerning the annulment of shares be approved, the board proposes to the AGM that the board be authorised by the AGM to purchase through the Helsinki Exchange at the prevailing market price a total of 6 118 000 company shares at the most. This will correspond to 5 % of the entire number of shares in the company. Furthermore, the proposal is made to authorise the board to render 6 118 000 shares held by the company to be used instead of cash for the payment of bonuses and incentive compensation that may be payable to the personnel funds or personnel provided that the board decides to introduce this kind of an incentive compensation system. The authorisation also includes the use of own shares as consideration in acquisitions. The authorisation shall be in effect for one year from the date of the annual general meeting.

The board also proposes stock options to the management staff of Kemira Oyj and its subsidiaries. The stock options include the right to subscription of the company's own shares to the max. amount
Of 2 850 000 shares during the period of 2 May 2004-31 May 2007.

The provisions for the opening of the time span are:

- Kemira Group's earnings per share after financing items before taxes and extraordinary items for the financial years 2001 to 2003 to be a minimum of the Group's earnings per share after financing items before taxes and extraordinary items for the financial years 1998-2000 with the addition of five (5) per cent; i.e. a minimum of EUR 2.48, and

- Kemira Oyj's share to have performed better than the comparison index as described in the stock option provisions.

The subscription price will be the weighted average of Kemira Oyj share prices for the year 2003 deducted by double the percentage of Kemira Oyj share index being in excess of comparision index referred to, and further deducted by the amount of dividends paid after 31 December 2003. However, the minimum subscription price will be the weighted average rate for the share price during January 2001 deducted by the amount of dividends paid out after 31 January 2001.

The number of the company's shares outstanding in consequence of the stock option may rise by 2 850 000 shares at the most, and the share capital by as many share countervalues. It is proposed that an exception be made to the shareholders' subscription rights as stock option rights are intended to be part of the incentive compensation system to Kemira Group's management staff.

The board further proposes changes of a technical nature be made to the articles of association, in paragraphs 6, 10, 17 and 18.

The board of directors has decided to propose to the annual general meeting that a dividend of EUR 0.3 per share be paid for the financial year 2000. The dividend will be paid to a shareholder who is registered in the shareholder register kept by the Finnish Central Securities Depository Ltd (Suomen Arvopaperikeskus Oy) on the record date. According to the decision of the board of directors, the record date for the dividend payout is 6 April 2001. The board of directors proposes to the annual general meeting that the dividend be paid on 18 April 2001.

The documents concerning the financial statements and the above-mentioned proposals of the board of directors, including annexes to them, will be available for inspection by shareholders as from Monday 26 March 2001 at the company's head office in Helsinki, Porkkalankatu 3.

The annual general meeting of shareholders of Kemira Oyj will be held on Tuesday 3 April 2001 at 4:00 p.m. at the Kemira House, Porkkalankatu 3, Helsinki, Finland.