Kemira Oyj
Stock Exchange Release
July 29, 2010 at 8.30 (CET+1)

January-June:

*
Revenue in January-June 2010 increased by 7% to EUR 1,059.9 million (January-June 2009:
EUR 986.0 million).

*
Operating profit excluding non-recurring items rose 49% to EUR 79.6 million (53.4).
Operating profit rose 55% to EUR 82.9 million (53.4).

*
Gearing was 48% (December 31, 2009: 53%).

*
Profit before taxes improved by 140% to EUR 69.0 million (28.8)

*
Earnings per share from continuing operations was EUR 0.35 (0.16).

*
During the current year, Kemira expects the demand to develop favorably as our customer
demand is getting stronger. Operating profit from continuing operations, excluding
non-recurring items, is estimated to grow notably from last year (2009: EUR 124.9
million).

*
Tikkurila Oyj was separated from Kemira on March 26, 2010 and is reported under
Discontinued operations (see tables).

Second quarter:

*
Revenue in April -June 2010 rose 12% to EUR 545.2 million (April-June 2009: EUR 488.5
million).

*
Operating profit excluding non-recurring items rose 38% to EUR 40.5 million (29.3).

*
Operating profit percentage excluding non-recurring items was 7.4% (6.0%).

*
Operating profit rose 52% to EUR 44.5 million (29.3).

*
Profit before taxes totalled EUR 37.3 million (20.8).

*
Earnings per share from continuing operations was EUR 0.17 (0.11).

Kemira’s President and CEO Harri Kerminen:

The recovery in demand which started at the end of the first quarter also continued in
the second quarter. The 12% growth in revenue compared to the second quarter last year
is a reflection of increased deliveries to our customer industries. The revenues of Oil
& Mining and Paper segments rose over 10 %. The revenue of the Municipal & Industrial
segment developed positively as well, especially regarding deliveries to Industrial
customers.

The operating profit excl. non-recurring items in continuing operations improved in the
second quarter by 38%. In addition to higher sales volumes, the result was boosted by
lower costs. Operating profit as a share of revenue rose to 7.4% from 6.0% the previous
year. Profit before tax was markedly better than last year.

We will continue to develop the company according to our strategy, focusing on water
chemistry. As a part of this work, we announced the divestments of two non-water related
Paper segment units. The globally growing water business offers Kemira opportunities to
expand the utilisation of our current competencies in the water treatment sector.
Furthermore, the cooperation with customers and research centers provides a strong basis
for the profitable growth of Kemira.

Key Figures and Ratios

Figures in the text section of the interim report are for continuing operations
excluding Tikkurila, unless otherwise mentioned. Tikkurila Oyj was separated from Kemira
on March 26, 2010. It is reported under Discontinued operations (see tables).

EUR million 4-6/2010 4-6/2009 1-6/2010 1-6/2009 1-12/2009
Revenue 545.2 488.5 1,059.9 986.0 1,969.9
EBITDA 68.3 55.4 131.1 104.0 207.2
EBITDA, % 12.5 11.3 12.4 10.6 10.5
Operating profit, excluding non-recurring items 40.5 29.3 79.6 53.4 124.9
Operating profit 44.5 29.3 82.9 53.4 109.7
Operating profit, excluding non-recurring items, % 7.4 6.0 7.5 5.4 6.3
Operating profit, % 8.2 6.0 7.8 5.4 5.6
Financial income and expenses -9.8 -7.3 -17.7 -19.6 -37.8
Profit before tax 37.3 20.8 69.0 28.8 76.5
Net profit from continuing operations 27.3 15.5 55.0 22.2 67.1
Net profit*** 27.3 29.5 586.0** 35.6** 85.5**
EPS, EUR, from continuing operations 0.17 0.11 0.35 0.16 0.47
Capital employed * 1,631.7 1,722.6 1,631.7 1,722.6 1,659.3
ROCE %* 8.8 1.7 8.8 1.7 6.3
Cash flow after investments 1.9 83.9** 134.6** 49.5** 202.2**
Equity ratio, % at period-end 50** 35** 50** 35** 45**
Gearing, % at period-end 48** 104** 48** 104** 53**
Personnel at period-end 5,177 9,139** 5,177 9,139** 8,493**

5,177

9,139**

8,493**

* 12-month rolling average
**Includes Tikkurila until March 25, 2010
***Net profit January-March 2010 includes a non-recurring income of EUR 529.2 million
from the separation of Tikkurila, consisting of the difference between the market price
of Tikkurila on March 26, 2010 and the shareholder’s equity of Tikkurila on March 25,
2010 less the transfer tax related to Tikkurila’s listing as well as listing costs.

Definitions of key figures are available at www.kemira.com > Investors > Financial
information. Due to the rights offering arranged in 2009, historical per share key
figures have been adjusted with the following formula: average number of shares x 1.1.

Conference for analysts and the media:

Kemira will arrange a press conference for analysts and media today, July 29, 2010
starting at 10:30 a.m. at Kemira House, Porkkalankatu 3, Helsinki. The press conference
will be held in Finnish. Harri Kerminen, Kemira’s President and CEO, will present the
interim report. The presentation material will be available on Kemira’s website at
www.kemira.com at 10:30 a.m.

A conference call in English will begin at 1:00 p.m. Finnish time. In order to
participate in the call, please dial +44 (0)20 7162 0077, code 871463, ten minutes
before the conference begins. The presentation material will be available on Kemira’s
website at www.kemira.com. A recording of the conference call will be available on
Kemira’s website later today.

Kemira Oyj will publish its January-September interim report on Thursday October 28,
2010 at 8:30 a.m.

Additional information:

CFO Jyrki Mäki-Kala
Tel: +358 40 534 1060

Kemira is a global two billion euro chemicals company that is focused on serving
customers in water-intensive industries. The company offers water quality and quantity
management that improve customers’ energy, water and raw material efficiency. Kemira’s
vision is to be a leading water chemistry company.

www.kemira.com http://www.kemira.com/
www.waterfootprintkemira.com http://www.waterfootprintkemira.com/

Financial Performance in April-June 2010

Kemira Group’s revenue increased by 12% in April-June 2010 compared to the corresponding
period in 2009. April-June 2010 revenue was EUR 545.2 million (April-June 2009: EUR
488.5 million). Demand continued to grow in April-June in most customer industries.
Sales prices decreased in some products as a result of a drop in raw material prices
seen in 2009. The exchange rate effect increased revenue by about EUR 29 million.

Revenue, EUR million 4-6/2010 4-6/2009 1-12/2009
Paper 247.4 221.6 906.4
Municipal & Industrial 163.7 160.7 607.5
Oil & Mining 78.1 55.2 235.0
Other 56.0 71.7 300.4
Eliminations 0.0 -20.7 -79.4
Total 545.2 488.5 1,969.9

488.5

1,969.9

Operating profit rose 52% in April-June 2010 compared to the corresponding period in
2009 and amounted to EUR 44.5 million (29.3). Operating profit excluding non-recurring
items, main items being the divestments of two non-water related Paper segment units and
a service company in Helsingborg, was EUR 40.5 million (29.3). Operating profit margin
was 7.4% (6.0%). The operating profit was boosted by the about EUR 13 million lower cost
and higher sales volumes. Fixed costs were at a higher level than last year, due to the
negative effect of the exchange rate fluctuations.

Operating profit, excluding non-recurring items, 4-6/2010 4-6/2009 1-12/2009

EUR million
Paper 18.3 8.0 44.9
Municipal & Industrial 15.6 18.2 66.4
Oil & Mining 6.9 3.2 14.2
Other -0.3 -0.1 -0.6
Eliminations 0.0 0.0 0.0
Total 40.5 29.3 124.9

29.3

124.9

The share of associates’ results was EUR 2.6 million (-1.2).

Profit before tax in April-June amounted to EUR 37.3 million (20.8), and net profit from
continuing operations totalled EUR 27.3 million (15.5).

Earnings per share from continuing operations was EUR 0.17 (0.11).

Financial Performance in January-June 2010

Kemira Group’s revenue of continuing operations increased by 7% in January-June 2010
compared to the corresponding period in 2009, due to the increase in demand in most
customer industries. January-June 2010 revenue was EUR 1,059.9 million (January-June
2009: EUR 986.0 million). Sales volumes increased by about 10%. The growth was strongest
in the Oil & Mining and Paper segments. The exchange rate effect increased revenue by
about EUR 34 million. Sales prices decreased in some products as a result of a drop in
raw material prices seen in 2009.

Revenue, EUR million 1-6/2010 1-6/2009 1-12/2009
Paper 481.4 446.6 906.4
Municipal & Industrial 312.1 311.4 607.5
Oil & Mining 144.7 109.6 235.0
Other 121.8 156.9 300.4
Eliminations -0.1 -38.5 -79.4
Total 1,059.9 986.0 1,969.9

986.0

1,969.9

Operating profit in January-June 2010 amounted to EUR 82.9 million (53.4). Operating
profit excluding non-recurring items, main items being the divestments of two non-water
related Paper segment units and a service company in Helsingborg, rose by 49% to EUR
79.6 million (53.4). The positive growth in the sales volumes in the latter half of the
period increased the operating profit markedly. The costs decreased by about EUR 49
million in January-June 2010 compared to the corresponding period in 2009. The exchange
rate effect on operating profit was minor. Fixed costs were at the level of 2009, when
excluding the negative effect from exchange rate.

Operating profit, excluding non-recurring items, 1-6/2010 1-6/2009 1-12/2009

EUR million
Paper 33.5 15.5 44.9
Municipal & Industrial 32.3 28.6 66.4
Oil & Mining 13.3 5.2 14.2
Other 0.5 4.1 -0.6
Eliminations 0.0 0.0 0.0
Total 79.6 53.4 124.9

53.4

124.9

The share of associates’ results was EUR 3.8 million (-5.0).
The January-June profit before tax was EUR 69.0 million (28.8). Net profit for the
period from continuing operations totalled EUR 55.0 million (22.2). Net profit was EUR
586.0 million (35.6). This includes a non-recurring income of EUR 529.2 million from the
separation of Tikkurila, consisting of the difference between the market price of
Tikkurila on March 26, 2010 and the shareholder’s equity of Tikkurila on March 25, 2010
less the transfer tax related to Tikkurila’s listing as well as listing costs.

Financial position and cash flow

Cash flow from operating activities in January-June 2010 amounted to EUR 34.7 million
(87.7). Cash flow includes Tikkurila until March 25, 2010. Compared to last year, cash
flow was adversely affected by the separation of Tikkurila in the first quarter, as well
as the increase of net working capital connected to the growth of revenue. Cash flow
after investments amounted to EUR 134.6 million (49.5). Cash flow from investing
activities includes the loan repayment from Tikkurila as well a cash and cash
equivalents transferred to Tikkurila, and the effect of the transfer tax related to
Tikkurila’s listing, in total EUR 119.3. The cash flow effect of expansion, improvement
and maintenance investments was EUR -31.2 million (-36.1). No acquisitions were carried
out during the period. Acquisitions amounted to EUR 3.7 million last year relating to
Tikkurila.

At the end of the period the Group’s net debt stood at EUR 611.0 million (December 31,
2009: EUR 675.6 million). The decrease in net debt was mainly due to the separation of
Tikkurila (effect approximately EUR 160 million). Currency exchange rate fluctuations
increased net debt by approximately EUR 54 million and in addition, during the second
quarter Kemira Oyj paid out EUR 41 million in dividend.

At the end of the period, interest-bearing liabilities stood at EUR 723.6 million
(December 31, 2009: 950.2). Fixed-rate loans accounted for 76% of total interest-bearing
loans (December 31, 2009: 70%). The average interest rate on the Group’s
interest-bearing liabilities was 4.4% (5.7%). At the end of June, the duration of the
Group’s interest-bearing loan portfolio was 18 months (December 31, 2009: 19 months).

The unused amount of the EUR 500 million revolving credit facility that falls due in
2012 was EUR 437 million at the end of the period. The total limit of the revolving
credit facility has been reduced from EUR 750 million to EUR 500 million. Short-term
liabilities maturing in the next 12 months amounted to EUR 126.5 million, with
commercial papers issued on the Finnish markets representing EUR 4.9 million and
repayments of long-term loans representing EUR 110.3 million. Cash and cash equivalents
totalled EUR 112.6 million on June 30, 2010. Based on its current structure, it is
expected that the Group will not encounter any significant refinancing needs in 2010,
since the current loan arrangements cover its financing needs. The terms of the
revolving credit facility and other major bilateral loan arrangements require that the
Group’s equity ratio must be more than 25%.

At the end of the period, the equity ratio stood at 50% (December 31, 2009: 45%), while
gearing was 48% (December 31, 2009: 53%). Kemira’s gearing target is 40-80%.
Shareholders’ equity decreased by approximately EUR 70 million due to the separation of
Tikkurila. The net impact of currencies on shareholders’ equity was approximately EUR 45
million.

In January-June the Group’s net financial expenses were EUR 17.7 million (19.6). Net
financial expenses decreased from the corresponding period in 2009, mainly due to lower
debt and lower market rate levels; at the same time they increased due to the exchange
rate effects.

Capital expenditure

Gross capital expenditure in January-June, excluding acquisitions, amounted to EUR 34.7
million (36.1). Gross capital expenditure of continuing operations, excluding
acquisitions, totalled EUR 32.5 million (27.9). Expansion investments represented around
24% of gross capital investments, improvement investments around 40%, and maintenance
investments around 36%. The depreciation of continuing operations amounted to EUR 48.2
million (50.6). Cash flow from the sale of assets in continuing operations was EUR 12.4
million (1.5) in January-June.

Research and Development

In continuing operations, research and development expenditure in January-June was EUR
20.4 million (19.9) i.e. 2.1% (2.1%) of all operating expenses.

In March Kemira and VTT announced the establishing of a large water research center in
Finland. The total cost of the research, which will be performed at the centre, is
estimated at EUR 120 million, including external funding. The investments are allocated
over a period of 4 years, resulting in further investment activities in projects for
piloting and proof of concept purposes. The centre will employ approximately 200 persons
annually.

At the beginning of the year, about one third of the projects forming the water research
program have been kicked off and new strategic partners (customers and other technology
suppliers) are joining the program. Kemira has tightened cooperation with the University
of Alberta (Canada). University of Alberta has long researched effective extraction of
oil from oil sands. The focus of the cooperation will be on water treatment in
particular.

In June, Kemira and Nanyang Technological University (Singapore) announced joint a R&D
cooperation, with the aim to enhance used water treatment and purification. The goal of
the 2-year project is to design a more efficient water treatment process with lower
energy consumption and waste volume. The cooperation is part of a membrane research
effort.

Human Resources

The number of Kemira Group employees at the end of the period was 5,177 (June 30, 2009:
9,139). The number of personnel declined mostly due to the separation of Tikkurila.

Segments

Paper

We offer chemical products and integrated systems that help customers in the
water-intensive pulp and paper industry to improve their profitability as well as their
water, raw material and energy efficiency. Our solutions support sustainable
development.

EUR million 4-6/2010 4-6/2009 1-6/2010 1-6/2009 1-12/2009
Revenue 247.4 221.6 481.4 446.6 906.4
EBITDA 33.0 20.9 60.5 40.7 87.0
EBITDA, % 13.3 9.4 12.6 9.1 9.6
Operating profit, excluding non-recurring items 18.3 8.0 33.5 15.5 44.9
Operating profit 21.0 8.0 36.2 15.5 40.1
Operating profit, excluding non-recurring items, % 7.4 3.6 7.0 3.5 5.0
Operating profit, % 8.5 3.6 7.5 3.5 4.4
Capital employed* 780.8 818.3 780.8 818.3 782.6
ROCE %* 7.8 -0.9 7.8 -0.9 5.1
Capital expenditure, excluding acquisitions 9.7 13.4 17.9 18.5 37.8
Cash flow after investments, excluding interest and taxes 11.8 25.2 34.6 31.5 75.6

34.6

31.5

75.6

* 12-month rolling average

The Paper segment’s revenue in April-June 2010 rose by 12% to EUR 247.4 million (221.6).
Strong pulp demand has kept the sales of pulp chemicals at a good level. Demand for
packaging board has picked up in particular in Asia and Eastern Europe since the second
half of last year, increasing chemical sales into these regions. The demand for paper
used in magazines and newspapers and the number of printed advertising material has
increased the demand for the products. In some products, sales prices declined as a
result of a drop in raw material prices in 2009. The exchange rate effects had a EUR 16
million positive impact on revenue.

Operating profit excluding non-recurring items for April-June was EUR 18.3 million
(8.0). The operating profit margin rose to 7.4% from 3.6 % last year. Costs decreased by
some EUR 12 million in April-June compared to the corresponding period in 2009.

In January-June the Paper segment’s revenue increased by 8% to EUR 481.4 million
(446.6). The currency exchange effect had a positive impact on revenue of approximately
EUR 19 million. Operating profit excluding non-recurring items was EUR 33.5 million
(15.5). Operating profit as a share of revenue was 7.0% (3.5%). Costs in January-June
were about EUR 30 million lower than in January-June 2009. Exchange rates had no
significant effect on the result.

During this period Kemira announced the divestments of two non-water related Paper
segment units.

Kemira sold the sulphuric acid plant in Kokkola to Boliden Kokkola Oy. The business
operations were transferred to Boliden Kokkola Oy on May 1, 2010. Kemira continues
chemical terminal operations in Kokkola including services to Boliden. The transaction
has no significant impact on Kemira’s financial result.

Kemira and German Catec GmbH financially supported by Fengler Beteiligungs GmbH have
signed a contract, according to which Kemira sells its global Fluorescent Whitening
Agents to Catec. Fluorescent whitening agents improve the whiteness and brightness of
paper. The deal covers a production plant in Leverkusen, the global sales network and
the associated support functions. The business employs about a 100 people, most of them
in Germany. They will be transferred to Catec at the end of the third quarter, when the
transaction is to be closed. The transaction has no significant impact on Kemira’s
financial result.

Municipal & Industrial

We offer water treatment chemicals for municipalities and industrial customers. Our
strengths are high-level application know-how, a comprehensive range of water treatment
chemicals, and reliable customer deliveries.

EUR million 4-6/2010 4-6/2009 1-6/2010 1-6/2009 1-12/2009
Revenue 163.7 160.7 312.1 311.4 607.5
EBITDA 21.0 25.1 41.6 41.5 91.7
EBITDA, % 12.8 15.6 13.3 13.3 15.1
Operating profit, excluding non-recurring items 15.6 18.2 32.3 28.6 66.4
Operating profit 14.8 18.2 29.4 28.6 59.8
Operating profit, excluding non-recurring items, % 9.5 11.3 10.3 9.2 10.9
Operating profit, % 9.0 11.3 9.4 9.2 9.8
Capital employed* 352.1 356.5 352.1 356.5 349.4
ROCE %* 17.2 6.3 17.2 6.3 17.1
Capital expenditure, excluding acquisitions 4.5 3.4 8.2 5.5 21.0
Cash flow after investments, excluding interest and taxes 8.5 47.7 21.1 55.9 93.5

21.1

55.9

93.5

* 12-month rolling average

The Municipal & Industrial segment’s revenue in April-June totalled EUR 163.7 million.
A year earlier it was EUR 160.7 million. The delivery volumes were higher than in
April-June 2009, but the average sales prices in some products decreased as a result of
a drop in raw material prices. The exchange rate effects had a EUR 11 million positive
impact on revenue. Healthy demand continued in the municipal water treatment business,
and delivery volumes were slightly higher than a year ago. Also in the industrial water
treatment business the volumes increased, especially in Europe and Asia.

Operating profit excluding non-recurring items was EUR 15.6 million (18.2). The decrease
in some average sales prices due to the drop in raw material prices had a negative
impact on the result. Costs decreased in April-June by some EUR 7 million compared to
the corresponding period in 2009. Exchange rates had no significant effect on the
result.

The segment’s revenue in January-June was EUR 312.1 million (311.4). The average prices
decreased in some products as a result of a drop in raw material prices seen in 2009.
The sales volumes grew by about 5%. The exchange rate effect increased the revenue by
about EUR 14 million. Operating profit excluding non-recurring items was EUR 32.3
million (28.6) and the operating profit margin was 10.3% (9.2%). Costs in January-June
were about EUR 21 million lower than in January-June 2009. Exchange rates had no
significant effect on the result.

Oil & Mining

We offer a large selection of innovative chemical extraction and process solutions for
the oil and mining industries, where water plays a central role. Utilizing our
expertise, we enable our customers to improve efficiency and productivity.

EUR million 4-6/2010 4-6/2009 1-6/2010 1-6/2009 1-12/2009
Revenue 78.1 55.2 144.7 109.6 235.0
EBITDA 12.6 5.4 21.3 9.9 23.6
EBITDA, % 16.1 9.8 14.7 9.0 10.1
Operating profit, excluding non-recurring items 6.9 3.2 13.3 5.2 14.2
Operating profit 10.3 3.2 16.7 5.2 19.9
Operating profit, excluding non-recurring items, % 8.8 5.8 9.2 4.7 6.0
Operating profit, % 13.2 5.8 11.5 4.7 8.5
Capital employed* 139.1 159.3 139.1 159.3 148.9
ROCE %* 22.6 0.6 22.6 0.6 13.4
Capital expenditure, excluding acquisitions 1.1 0.9 2.3 1.5 4.7
Cash flow after investments, excluding interest and taxes 7.1 16.3 15.0 8.9 20.8

15.0

8.9

20.8

* 12-month rolling average

The Oil & Mining segment’s revenue in April-June rose by 41% to EUR 78.1 million (55.2).
Overall sales volumes rose significantly from the corresponding period in 2009. Demand
has been strong, in particular in the oil and gas markets in North America. Demand of
chemicals for the mining industry recovered already during the first quarter 2010.

Operating profit excluding non-recurring items for April-June was EUR 6.9 million (3.2).
The operating profit margin rose to 8.8% from 5.8% last year. In addition to the
increase in sales volumes, the profit was improved by the slightly higher average sales
prices of products. Costs increased by some EUR 5 million compared to the corresponding
period in 2009.

The segment’s revenue in January-June 2010 rose by 32% to EUR 144.7 million (109.6). The
average sales prices of products maintained the same level as a year before. The sales
volumes grew by about 25%. The currency exchange effect increased revenue by about EUR 2
million. Operating profit excluding non-recurring items was EUR 13.3 million (5.2).
Operating profit as a share of revenue reached 9.2% (4.7%). Costs were at the same level
in January-June as they were in the corresponding period in 2009. Exchange rates had no
significant effect on the result.

Other

The Other segment consists of specialty chemicals such as organic salts and acids and
the Group expenses not charged to the segments (some research and development costs and
the costs of the CEO Office). The demand of specialty chemicals was at a good level in
the Other segment. Products are delivered for instance to the food industry, feed
industry and pharmaceutical industry, as well as for airport runway de-icing.

Separation of Tikkurila

Trading with Tikkurila Oyj’s share began on NASDAQ OMX Helsinki Oy on March 26, 2010
when Tikkurila was separated from Kemira Oyj.

On March 16, 2010 Kemira’s Annual General Meeting decided that each of the four Kemira’s
shares entitle their holder to receive one share of Tikkurila as a dividend. In total,
Kemira distributed a total of 37,933,097 Tikkurila shares as dividend to its
shareholders which corresponds with 86% of Tikkurila’s shares and votes. Kemira
continues to hold a 14% minority share in Tikkurila. The taxation value and purchase
price for the Tikkurila shares distributed as dividend is the volume-weighted average
price of the shares on the first trading day, March 26, 2010, which was EUR 15.80.

Kemira Oyj’s shares and shareholders

On June 30, 2010, Kemira Oyj’s share capital was EUR 221.8 million and the number of
shares was 155,342,557. At the end of June, Kemira owned 3,600,225 own shares (December
31, 2009: 3,854,771), which corresponds with 2.3% (December 31, 2009: 2.5%) of Kemira
Oyj’s shares. Based on the Annual General Meeting decision on March 16, 2010, Kemira Oyj
transferred 12,255 shares to the members of Kemira Oyj’s Board as part of the
remuneration of the Board on May 7, 2010.

The highest share price of Kemira Oyj’s shares on NASDAQ OMX Helsinki Oy in January-June
was EUR 13.19 and the lowest was EUR 7.89. The average share price was EUR 9.86. The
company’s market value less the shares held by Kemira was EUR 1,338.4 million at the end
of June.

Members of the Nomination Committee

The Board of Directors of Kemira Oyj has assembled a Nomination Committee to prepare a
proposal for the Annual General Meeting concerning the composition and remuneration of
the Board of Directors. The Nomination Committee consists of representatives of the four
largest shareholders of Kemira Oyj as of May 31, 2010 and the Chairman of the Board of
Directors of the Company as an expert member. Members of the Nomination Committee are
Jari Paasikivi, President and CEO of Oras Invest Oy; Kari Järvinen, Managing Director of
Solidium Oy; Risto Murto, Deputy CEO, Varma Mutual Pension Insurance Company; Timo
Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Pekka Paasikivi,
Chairman of Kemira’s Board of Directors as an expert member.

Other events during the review period

Kemira sold the sulphuric acid plant in Kokkola to Boliden Kokkola Oy. The business
operations were transferred to Boliden Kokkola Oy on May 1, 2010. Kemira continues
chemical terminal operations in Kokkola including services to Boliden. The transaction
has no significant impact on Kemira’s financial result.

Kemira Oyj and a Swedish company Coor Service Management AB have May 21, 2010 signed a
contract, according to which Kemira sold its IPOS service company to Coor. IPOS
(Industry Park of Sweden AB) provides its customers maintenance, technical and other
services in the Industry Park of Helsingborg. The IPOS legal entity and a staff of about
130 persons were transferred to Coor per July 1, 2010. The transaction had no
significant impact on Kemira’s financial result.

June 23, 2010, Kemira and German Catec GmbH financially supported by Fengler
Beteiligungs GmbH signed a contract, according to which Kemira sells its global
Fluorescent Whitening Agents to Catec. The deal covers a production plant in Leverkusen,
the global sales network and the associated support functions. The business employs
about a 100 people, most of them in Germany. They will be transferred to Catec at the
end of the third quarter, when the transaction is to be completed. The transaction has
no significant impact on Kemira’s financial result.

On June 29, 2010, Kemira announced that it will start joint a R&D cooperation with
Nanyang Technological University (Singapore), with the aim to enhance used water
treatment and purification. The goal of the 2-year project is to design a more efficient
water treatment process which produces more clean water with lower energy consumption
and waste volume.

Randy Owens, President, Kemira Oil & Mining, will alongside his current role be the
region head of North America. Hannu Melarti, SVP, Region North America has left the
company to pursue career options outside Kemira as of July 1, 2010.

Kemira has received the European Commission’s decision regarding anticompetitive
activities of animal feed phosphates producers in Europe on July 20, 2010. The European
Commission decided that Kemira should not pay any fine, since it was the first company
to report these activities to the Commission. Kemira has cooperated with the European
Commission during the investigation which began at the end of 2003. Kemira divested the
animal feed phosphates business in 2004. Kemira informed the public about the
Commission’s investigations in 2004, in the prospectus of Kemira GrowHow. The decision
of the European Commission will not have any financial impact on Kemira.

Short-term risks and uncertainties

Kemira’s main short-term risks and uncertainties are connected to raw material
availability and prices.

Substantial fluctuations in the world market prices of electricity and oil are reflected
in Kemira’s financial results, via raw material prices and logistics costs.

Introduction of REACH legislation may decrease the available raw material options and
thus increase our raw material costs. REACH registration of Kemira’s own products may
also be more expensive than estimated, in particular if we are not able to share the
costs with other companies. Acrylamide, boric acid, borates and sodium dichromate have
been added to the list of candidates for authorization under REACH. If acrylamide, which
Kemira uses as a raw material for polymers, will be added to the list of substances
subject to authorization under REACH, this would make its use more difficult. Boric
acid, borates and sodium dichromate are mainly used in the production at Kemira
Chemicals Oy.

Changes in the exchange rates of key currencies can affect Kemira’s financials.

A detailed account of Kemira’s risk management principles and organization is available
on the company website at www.kemira.com. An account of financial risks is available in
the Notes to the Financial Statements 2009. Environmental and hazard risks are discussed
in Kemira’s environmental report.

Outlook

Kemira’s goal is to be a leading water chemistry company. Implementation of Kemira’s
water strategy has progressed well and the company has improved its profitability
significantly and strengthened the balance sheet with several measures. Kemira will
continue to focus on improving profitability and reinforcing positive cash flow, and the
company will also increase its actions to boost growth.

The basis for growth is the expanding water chemicals markets and Kemira’s strong
know-how in water quality and quantity management. Increasing water shortage, tightening
legislation and customers’ needs to increase operational efficiency create opportunities
for Kemira to develop new water applications for both new and current customers.
Investment in research and development is a central part of Kemira’s strategy. The focus
of Kemira’s R&D activities is on the development and commercialization of new innovative
technologies both globally and locally.

During the current year, Kemira expects the demand to develop favorably as our
customers’ demand is getting stronger. Operating profit from continuing operations,
excluding non-recurring items, is expected to grow notably from last year (2009: EUR
124.9 million).

Helsinki, 29 July 2010

Board of Directors

All forward-looking statements in this review are based on the management’s current
expectations and beliefs about future events, and actual results may differ materially
from the expectations and beliefs such statements contain.

KEMIRA GROUP

Quarterly figures are unaudited.
All figures in this financial report have been rounded and consequently the sum of individual figures can deviate from the presented sum figure.

This Interim Consolidated Financial Statement has been prepared in compliance with IAS 34.
The accounting policies adopted are consistent with those of the Group’s annual financial statement, added with the following changes.

Changes to the accounting policies as of January 1, 2010:
– IFRS 3 Business Combinations – The standard change had no effect on the interim consolidated financial statement.
– IAS 27 Consolidated and Separete Financial Statements (amended 2008) – The standard change had no effect on the interim consolidated financial statement.
– IFRIC 17 Distributions of non-cash assets to owners – New interpretation has been followed in separation of Tikkurila Oyj.
The changes have been described in annual financial statement 2009.

The changes have been described in annual financial statement 2009.

INCOME STATEMENT 4-6/2010 4-6/2009 1-6/2010 1-6/2009 2009
EUR million
Continuing operations

Revenue 545.2 488.5 1,059.9 986.0 1,969.9
Other operating income 10.5 3.7 13.5 6.8 13.5
Expenses -487.4 -436.8 -942.3 -888.8 -1,776.2
Depreciation, impairments
and reversals of impairments -23.8 -26.1 -48.2 -50.6 -97.5
Operating profit 44.5 29.3 82.9 53.4 109.7
Financial income and expenses, net -9.8 -7.3 -17.7 -19.6 -37.8
Share of profit or loss of associates 2.6 -1.2 3.8 -5.0 -4.8
Group contribution – – – – 9.4
Profit before tax 37.3 20.8 69.0 28.8 76.5
Income tax -10.0 -5.3 -14.0 -6.6 -9.4
Net profit for the period,
continuing operations 27.3 15.5 55.0 22.2 67.1

Discontinued operations
Net profit for the period,
discontinued operations – 14.0 531.0 13.4 18.4

Net profit for the period 27.3 29.5 586.0 35.6 85.5

Attributable to:
Equity holders of the parent 25.9 14.4 52.7 20.7 63.4
Minority interest 1.4 1.1 2.3 1.5 3.7
Net profit for the period 27.3 15.5 55.0 22.2 67.1

Earnings per share, continuing operations
basic and diluted, EUR 0.17 0.11 0.35 0.16 0.47
Earnings per share, basic and diluted, EUR 0.17 0.21 3.85 0.25 0.61

STATEMENT OF COMPREHENSIVE INCOME 4-6/2010 4-6/2009 1-6/2010 1-6/2009 2009

Net profit for the period 27.3 29.5 586.0 35.6 85.5
Other comprehensive income, net of tax:
Available-for-sale
– change in fair value 1.0 – -2.5 – 3.7
Exchange differences 16.8 10.5 53.8 2.6 28.1
Hedge of net investment
in foreign entities -4.1 0.0 -8.6 -0.8 -3.0
Cash flow hedging 3.8 7.7 2.1 5.1 10.0
Other changes 0.4 0.5 -0.3 0.0 -0.4
Other comprehensive income, net of tax 17.9 18.7 44.5 6.9 38.4
Total comprehensive income 45.2 48.2 630.5 42.5 123.9

Attributable to:
Equity holders of the parent 43.7 46.1 627.0 40.8 119.9
Minority interest 1.5 2.1 3.5 1.7 4.0
Total comprehensive income 45.2 48.2 630.5 42.5 123.9

BALANCE SHEET
EUR million

ASSETS 30.6.2010 31.12.2009 *

Non-current assets
Goodwill 612.7 658.0
Other intangible assets 69.5 102.2
Property, plant and equipment 679.8 761.5
Holdings in associates 134.2 131.1
Available-for-sale investments 260.6 166.2
Deferred tax assets 18.5 18.8
Other investments 11.4 13.2
Defined benefit pension receivables 35.7 35.3
Total non-current assets 1,822.4 1,886.3

Current assets
Inventories 192.6 246.5
Interest-bearing receivables 1.0 1.4
Accounts receivables and other receivables 366.3 400.6
Current tax asset 8.5 7.3
Money market investments 78.9 202.1
Cash and cash equivalents 33.7 72.5
Total receivables 681.0 930.4

Non-current assets held-for sale ** 14.7 –

Total assets 2,518.1 2,816.7

30.6.2010 31.12.2009 *
EQUITY AND LIABILITIES

Equity attributable to equity holders of the parent 1,237.0 1,249.5
Minority interest 24.0 19.3
Total equity 1,261.0 1,268.8

Non-current liabilities
Interest-bearing non-current liabilities 597.1 512.6
Deferred tax liabilities 70.2 90.1
Pension liabilities 55.9 70.4
Provisions 55.4 55.6
Total non-current liabilities 778.6 728.7

Current liabilities
Interest-bearing current liabilities 126.5 437.6
Interest-free current liabilities 312.2 369.1
Current tax liabilities 15.3 0.5
Provisions 11.7 12.0
Total current liabilities 465.7 819.2

Non-current liabilities classified as held for sale ** 12.8 –

Total liabilities 1,257.1 1,547.9

Total equity and liabilities 2,518.1 2,816.7

* Includes Tikkurila
** Non-current assets held-for sale consist of assets and liabilities of IPOS (Industry Park of Sweden AB) located in Sweden, which are transferred in the company sale to Coor Service Management AB per July 1, 2010. Kemira Oyj and Coor Service Management AB signed the contract on May 21, 2010.

CONSOLIDATED CASH FLOW STATEMENT 4-6/2010 4-6/2009 1-6/2010 1-6/2009 2009
EUR million
Includes Tikkurila until March 25, 2010

Cash flow from operating activities
Profit for the period 25.9 28.5 583.7 34.2 81.8
Total adjustments 31.3 52.5 -455.0 101.0 206.9
57.2 81.0 128.7 135.2 288.7
Change in net working capital -21.9 52.1 -52.0 -11.2 74.4
35.3 133.1 76.7 124.0 363.1
Financing items -15.5 -13.7 -32.0 -20.6 -49.0
Taxes paid -4.6 -9.6 -10.0 -15.7 -26.3
Net cash generated from
operating activities 15.2 109.8 34.7 87.7 287.8

Cash flow from investing activities
Capital expenditure for acquisitions – -3.7 – -3.7 -3.7
Other capital expenditure -15.1 -23.4 -31.2 -36.1 -82.2
Proceeds from sale of assets * 1.9 1.2 -17.0 1.6 2.4
Change in other investments * -0.1 – 148.1 – -2.1
Net cash used in investing activities -13.3 -25.9 99.9 -38.2 -85.6
Cash flow before financing activities 1.9 83.9 134.6 49.5 202.2

Cash flow from financing activities
Proceeds from non-current
interest-bearing liabilities 4.2 4.3 49.4 56.6 228.3
Repayments from non-current
interest-bearing liabilities -13.9 -26.1 -25.2 -18.2 -249.7
Short-term financing,
net (increase +, decrease -) -24.1 2.2 -254.8 -10.9 -183.6
Dividends paid -44.7 -33.0 -44.7 -33.0 -33.5
Share issue – – – – 200.0
Other financing items 19.4 6.4 -22.7 -0.6 -11.3
Net cash used in financing activities -59.1 -46.2 -298.0 -6.1 -49.8

Net change in cash and cash equivalents -57.2 37.7 -163.4 43.4 152.4

Cash and cash equivalents at end of period 119.7 161.4 119.7 161.4 274.6
Exchange gains (+) / losses (-) on cash
and cash equivalents -4.2 1.7 -8.5 1.4 -2.8
Cash and cash equivalents
at beginning of period 172.7 125.4 274.6 119.4 119.4
Net change in cash and cash equivalents -57.2 37.7 -163.4 43.4 152.4

* 1-6/2010 include cash and cash equivalents transferred to Tikkurila as well as the loan repayment from Tikkurila

STATEMENT OF CHANGES IN EQUITY
EUR million
Equity attributable to equity holders of the parent
Capital Un-
paid-in in Fair value restricted
Share excess of and other equity
capital par value reserves reserve

Shareholders’ equity at January 1, 2009 221.8 257.9 81.4 –
Net profit for the period – – – –
Other comprehensive income, net of tax – – 5.1 –
Total comprehensive income – – 5.1 –
Dividends paid – – – –
Share-based compensations – – – –
Changes due to business combinations – – – –
Transfers in equity – – 0.1 –
Shareholders’ equity at June 30, 2009 221.8 257.9 86.6 –

Shareholders’ equity at January 1, 2010 221.8 257.9 95.8 196.3
Net profit for the period – – – –
Other comprehensive income, net of tax – – -0.5 –
Total comprehensive income – – -0.5 –
Dividends paid – – – –
Treasury shares issued to target group
of share-based incentive plan – – – –
Share-based compensations – – – –
Changes due to business combinations – – – –
Shareholders’ equity at June 30, 2010 221.8 257.9 95.3 196.3

Equity attributable to equity holders of the parent
Exchange Treasury Retained
differences shares earnings

Shareholders’ equity at January 1, 2009 -104.6 -25.9 532.2
Net profit for the period – – 34.1
Other comprehensive income, net of tax 1.5 – 0.1
Total comprehensive income 1.5 – 34.2
Dividends paid – – -30.3
Share-based compensations – – 0.4
Changes due to business combinations – – –
Transfers in equity – – -0.1
Shareholders’ equity at June 30, 2009 -103.1 -25.9 536.4

Shareholders’ equity at January 1, 2010 -79.9 -25.9 583.6
Net profit for the period – – 583.7
Other comprehensive income, net of tax 43.7 – 0.1
Total comprehensive income 43.7 – 583.8
Dividends paid – – -640.3
Treasury shares issued to target group
of share-based incentive plan – 1.7 –
Share-based compensations – – -0.7
Changes due to business combinations – – -0.3
Shareholders’ equity at June 30, 2010 -36.2 -24.2 526.1

Minority
interests Total
Shareholders’ equity at January 1, 2009 13.2 976.0
Net profit for the period 1.5 35.6
Other comprehensive income, net of tax 0.2 6.9
Total comprehensive income 1.7 42.5
Dividends paid -2.7 -33.0
Share-based compensations – 0.4
Changes due to business combinations 5.5 5.5
Transfers in equity – 0.0
Shareholders’ equity at June 30, 2009 17.7 991.4

Shareholders’ equity at January 1, 2010 19.2 1,268.8
Net profit for the period 2.3 586.0
Other comprehensive income, net of tax 1.2 44.5
Total comprehensive income 3.5 630.5
Dividends paid -3.7 -644.0
Treasury shares issued to target group
of share-based incentive plan – 1.7
Share-based compensations – -0.7
Changes due to business combinations 5.0 4.7
Shareholders’ equity at June 30, 2010 24.0 1,261.0

Kemira had in its possession 3,600,225 of its treasury shares on June 30, 2010. The
average share price of treasury shares was EUR 6.73 and they represented 2.3% of the
share capital and the aggregate number of votes conferred by all shares. The aggregate
par value of the treasury shares is EUR 5.1 million.

The capital paid-in in excess of par value is a reserve accumulating through
subscriptions entitled by the Management stock option program 2001 and is based on the
Finnish Companies Act (734/1978), which does no longer change. According to IFRS, the
Fair Value reserve is a reserve accumulating based on available-for-sale financial
assets (shares) measured at fair value and hedge accounting. Other reserves are required
by local legislation. The unrestricted equity reserve includes other equity type
investments and the subscription price of shares to the extent that it will not, based
on a specific decision, be recognized in share capital.

KEY FIGURES 4-6/2010 4-6/2009 1-6/2010 1-6/2009 2009

Earnings per share, continuing operations,
basic and diluted, EUR ** 0.17 0.11 0.35 0.16 0.47
Earnings per share, discontinued
operations, basic and diluted, EUR ** – 0.10 3.50 0.09 0.14
Cash flow from operations per share,
EUR ** 0.10 0.82 0.23 0.66 2.13
Capital expenditure, EUR million 18.6 27.1 34.7 39.8 85.9
Capital expenditure / revenue, % 3.4 4.2 3.0 3.2 3.4

Average number of shares (1000),
basic * 151,647 133,309 151,647 133,309 134,824
Average number of shares (1000),
diluted * 151,734 133,309 151,734 133,309 135,085
Number of shares at end
of period (1000), basic * 151,722 133,309 151,722 133,309 151,488
Number of shares at end of
period (1000), diluted * 151,722 133,309 151,722 133,309 151,748

Equity per share, attributable to
equity holders of the parent, EUR ** 8.15 7.30 8.25
Equity ratio, % 50.2 35.0 45.1
Gearing, % 48.5 104.3 53.2
Interest-bearing net liabilities,
EUR million 611.0 1,033.7 675.6
Personnel (average) 6,259 9,052 8,843

* Number of shares outstanding, excluding the number of shares bought back.
** Rights offering restatement year 2009

REVENUE BY BUSINESS AREA 4-6/2010 4-6/2009 1-6/2010 1-6/2009 2009
EUR million

Paper external 247.4 222.2 481.4 446.1 905.2
Paper Intra-Group – -0.6 – 0.5 1.2
Municipal & Industrial external 163.7 160.4 312.1 311.1 607.3
Municipal & Industrial Intra-Group – 0.3 – 0.3 0.2
Oil & Mining external 78.1 52.3 144.7 109.3 234.4
Oil & Mining Intra-Group – 2.9 – 0.3 0.6
Other external 56.0 53.6 121.7 119.5 223.0
Other Intra-Group – 18.1 0.1 37.4 77.4
Eliminations – -20.7 -0.1 -38.5 -79.4
Total, continuing operations 545.2 488.5 1,059.9 986.0 1,969.9

Tikkurila, external,
discontinued operations – 162.4 108.2 273.6 530.2

Total 545.2 650.9 1,168.1 1,259.6 2,500.1

OPERATING PROFIT BY BUSINESS AREA 4-6/2010 4-6/2009 1-6/2010 1-6/2009 2009
EUR million

Paper 21.0 8.0 36.2 15.5 40.1
Municipal & Industrial 14.8 18.2 29.4 28.6 59.8
Oil & Mining 10.3 3.2 16.7 5.2 19.9
Other -1.6 -0.1 0.6 4.1 -10.1
Eliminations – – – – –
Total, continuing operations 44.5 29.3 82.9 53.4 109.7

Tikkurila, discontinued operations – 22.1 5.3 26.1 47.7

Total 44.5 51.4 88.2 79.5 157.4

CHANGES IN PROPERTY, PLANT AND EQUIPMENT 1-6/2010 1-6/2009 2009
EUR million

Carrying amount at beginning of year 761.5 765.7 765.7
Acquisitions of subsidiaries – – 0.1
Increases 27.9 34.7 76.1
Decreases -2.1 -1.7 -2.0
Disposal of subsidiaries -115.9 – –
Depreciation, impairments
and reversals of impairments -44.6 -48.6 -88.9
Exchange rate differences and
other changes 53.0 4.1 10.5
Net carrying amount at end of period 679.8 754.2 761.5

CHANGES IN INTANGIBLE ASSETS 1-6/2010 1-6/2009 2009
EUR million

Carrying amount at beginning of year 760.2 766.7 766.7
Acquisitions of subsidiaries – 2.4 2.4
Increases 6.8 6.4 11.6
Decreases – – -0.1
Disposal of subsidiaries -101.3 – –
Depreciation and impairments -8.3 -11.2 -27.6
Exchange rate differences and
other changes 24.8 3.8 7.2
Net carrying amount at end of period 682.2 768.1 760.2

CONTINGENT LIABILITIES 30.6.2010 31.12.2009
EUR million

Mortgages 13.9 37.5
Assets pledged
On behalf of own commitments 5.9 5.5
Guarantees
On behalf of own commitments 47.4 45.2
On behalf of associates 0.9 1.0
On behalf of others 5.0 9.2
Operating leasing liabilities
Maturity within one year 22.2 26.0
Maturity after one year 125.9 137.3
Other obligations
On behalf of own commitments 1.0 1.7
On behalf of associates 1.7 1.8

Major off-balance sheet investment commitments

There were no major contractual commitments for the acquisition of property, plant and equipment on June 30, 2010.

There were no major contractual commitments for the acquisition of property, plant and
equipment on June 30, 2010.

Litigation

On August 19, 2009, Kemira Oyj received a summons stating that Cartel Damage Claims
Hydrogen Peroxide SA (CDC) had filed an action against six hydrogen peroxide
manufacturers, including Kemira, for violations of competition law applicable to the
hydrogen peroxide business. In its claim, Cartel Damage Claims Hydrogen Peroxide SA
seeks an order from the Regional Court of Dortmund in Germany to obtain an unabridged
and full copy of the decision of the European Commission, dated May 3, 2006, and demands
that the defendants, including Kemira, are jointly and severally ordered to pay damages
together with accrued interest on the basis of such decision.

Cartel Damage Claims Hydrogen Peroxide SA states that it will specify the amount of the
damages at a later stage after the full copy of the decision of the European Commission
has been obtained by it. In order to provide initial guidance as to the amount of such
damages, Cartel Damage Claims Hydrogen Peroxide SA presents in its claim a preliminary
calculation of the alleged overcharge having been paid to the defendants as a result of
the violation of the applicable competition rules by the parties which have assigned and
sold their claim to Cartel Damage Claims Hydrogen Peroxide SA. Such alleged overcharge,
together with accrued interest until December 31, 2008, is stated to be approximately
EUR 641.3 million. The process is currently pending in the Regional Court of Dortmund,
Germany.

Kemira defends against the claim of Cartel Damage Claims Hydrogen Peroxide SA. However,
Kemira is currently not in a position to make any estimate regarding the duration or the
likely outcome of the process. No assurance can be given as to the outcome of the
process, and an unfavorable judgment against Kemira could have a material adverse effect
on Kemira’s business, financial condition or results of operations. Due to its extensive
international operations the Group, in addition to the CDC claim, is involved in a
number of other legal proceedings incidental to these operations and it does not expect
the outcome of these other currently pending legal proceedings to have materially
adverse effect upon its consolidated results or financial position.

RELATED PARTY

Transactions with related parties have not changed materially after annual closing 2009.

DERIVATIVE INSTRUMENTS
EUR million
30.6.2010 31.12.2009
Nominal Fair Nominal Fair
value value value value
Currency instruments
Forward contracts 498.2 3.2 549.5 1.5
of which hedges of
net investment in a foreign operation – – – –

Currency options
Bought – – – –
Sold – – – –

Currency swaps – – 29.3 -3.9

Interest rate instruments
Interest rate swaps 353.2 -9.6 354.7 -9.4
of which cash flow hedge 315.1 -7.8 307.8 -7.4
Interest rate options
Bought 10.0 – 10.0 –
Sold – – – –

Bond futures 10.0 – 10.0 0.2
of which open 10.0 – 10.0 0.2

Other instruments GWh Fair value GWh Fair value
Fair Fair

Electricity forward contracts, bought 1,036.1 4.5 1,156.7 1.2
of which cash flow hedge 966.0 4.4 1,051.6 1.1
Electricity forward contracts, sold 70.1 -0.1 – –
of which cash flow hedge – – – –

Fair Fair
K tons value K tons value
Natural gas hedging 12.5 -0.4 14.8 -0.2
of which cash flow hedge 12.5 -0.4 14.8 -0.2
Salt derivatives – – 160.0 –

The fair values of the instruments which are publicly traded are based on market
valuation on the date of reporting. Other instruments have been valuated based on net
present values of future cash flows. Valuation models have been used to estimate the
fair values of options.

Nominal values of the financial instruments do not necessarily correspond to the actual
cash flows between the counterparties and do not therefore give a fair view of the risk
position of the Group.

QUARTERLY INFORMATION 2009 2009 2009 2009
EUR million Q4 Q3 Q2 Q1
Continuing operations

Revenue
Paper external 229.2 229.9 222.2 223.9
Paper Intra-Group 0.4 0.3 -0.6 1.1
Municipal & Industrial external 140.6 155.6 160.4 150.7
Municipal & Industrial Intra-Group – -0.1 0.3 –
Oil & Mining external 69.2 55.9 52.3 57.0
Oil & Mining Intra-Group 0.2 0.1 2.9 -2.6
Other external 57.2 46.3 53.6 65.9
Other Intra-Group 20.6 19.4 18.1 19.3
Eliminations -21.2 -19.7 -20.7 -17.8
Total 496.2 487.7 488.5 497.5

Operating profit
Paper 9.8 14.8 8.0 7.5
Municipal & Industrial 6.3 24.9 18.2 10.4
Oil & Mining 11.2 3.5 3.2 2.0
Other -10.0 -4.2 -0.1 4.2
Eliminations – – – –
Total 17.3 39.0 29.3 24.1

Operating profit, excluding non-recurring items
Paper 14.6 14.8 8.0 7.5
Municipal & Industrial 12.9 24.9 18.2 10.4
Oil & Mining 5.5 3.5 3.2 2.0
Other -0.5 -4.2 -0.1 4.2
Eliminations – – – –
Total 32.5 39.0 29.3 24.1

2010 2010
Q2 Q1

Revenue
Paper external 247.4 234.0
Paper Intra-Group – –
Municipal & Industrial external 163.7 148.4
Municipal & Industrial Intra-Group – –
Oil & Mining external 78.1 66.6
Oil & Mining Intra-Group – –
Other external 56.0 65.7
Other Intra-Group – 0.1
Eliminations – -0.1
Total 545.2 514.7

Operating profit
Paper 21.0 15.2
Municipal & Industrial 14.8 14.6
Oil & Mining 10.3 6.4
Other -1.6 2.2
Eliminations – –
Total 44.5 38.4

Operating profit, excluding non-recurring items
Paper 18.3 15.2
Municipal & Industrial 15.6 16.7
Oil & Mining 6.9 6.4
Other -0.3 0.8
Eliminations – –
Total 40.5 39.1

DEFINITIONS OF KEY FIGURES

Earnings per share (EPS): Equity ratio, %:
Net profit attributable to Total equity x 100 /
equity holders Total assets – prepayments
of the parent / received
Average number of shares

Cash flow from operations: Gearing, %:
Cash flow from operations, Interest-bearing net
after change in liabilities x 100 /
net working capital Total equity
and before investing
activities

Cash flow from operations Interest-bearing net liabilities:
per share: Interest-bearing liabilities –
Cash flow from operations / money market investments –
Average number of shares cash and cash equivalents

Equity per share: Return on capital employed
Equity attributable to equity (ROCE), %:
holders of the parent at Operating profit + share of profit
end of period / or loss of associates x 100 /
Number of shares at Capital employed 1) 2)
end of period

1) Average
2) Net working capital + property, plant and equipment available for use + intangible assets available for use + investments in associates
DISCONTINUED OPERATIONS Trading with Tikkurila Oyj’s share began on NASDAQ OMX Helsinki Oy on March
26, 2010 and Tikkurila was separated from Kemira Oyj. Tikkurila comprised own segment in Kemira. On
March 16, 2010 Kemira’s Annual General Meeting decided that each four Kemira’s shares entitle their
holder to receive one share of Tikkurila as a dividend. Kemira distributed a total of 37,933,097
Tikkurila shares as dividend to its shareholders which corresponds with 86% of Tikkurila’s shares and
votes. Kemira held a 14% minority share in Tikkurila.

DISCONTINUED OPERATIONS

Trading with Tikkurila Oyj’s share began on NASDAQ OMX Helsinki Oy on March 26, 2010 and
Tikkurila was separated from Kemira Oyj. Tikkurila comprised own segment in Kemira.

On March 16, 2010 Kemira’s Annual General Meeting decided that each four Kemira’s shares
entitle their holder to receive one share of Tikkurila as a dividend. Kemira distributed
a total of 37,933,097 Tikkurila shares as dividend to its shareholders which corresponds
with 86% of Tikkurila’s shares and votes. Kemira held a 14% minority share in
Tikkurila.

INCOME STATEMENT 1.1.- 25.3.2010 1.1. – 31.12.2009
EUR million

Revenue 108.2 530.2
Other operating income 0.4 1.5
Expenses -98.6 -465.2
Depreciation, impairments and reversals of impairments -4.7 -18.8
Operating profit 5.3 47.7
Financial income and expenses, net -1.6 -12.0
Share of profit or loss of associates – 0.1
Group contribution – -9.4
Profit before tax 3.7 26.4
Income tax -1.9 -8.0
Net profit for the period 1.8 18.4

Profit for Tikkurila spin off 529.2
Net profit for the period, discontinued operations 531.0

Attributable to, discontinued operations:
Equity holders of the parent 1.8
Minority interest 0.0
Net profit for the period 1.8

Earnings per share, discontinued operations,
basic and diluted, EUR 3.50 0.14

CASH FLOW 1.1.- 25.3.2010 1.1. – 31.12.2009
EUR million

Cash flow from operating activities -29.0 62.5
Cash flow from investing activities -1.9 -17.1
Cash flow from financing activities 24.9 -53.1
Net change in cash and cash equivalents -6.0 -7.7

The effect of paying Tikkurila as dividend on Group’s financial position

25.3.2010 31.12.2009

Non-current assets 230.0 224.6
Receivables 222.1 178.5
Non-current liabilities -164.0 -140.6
Current liabilities -132.6 -118.6
Assets and liabilities, net 155.5 143.9

Expenses paid in cash 1) -10.4
Cash and cash equivalents of discontinued operations -19.2
The effect on cash flow -29.6

1) Expenses paid in cash include transfer tax and other expenses of EUR 10.3 million paid during the second quarter in 2010.

1) Expenses paid in cash include transfer tax and other expenses of EUR 10.3 million
paid during the second quarter in 2010.