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Hitt og þetta 21. apríl 2006

KEMIRA AND EUROPEAN INVESTMENT BANK (EIB) SIGNED EUR 100 MILLION RESEACH AND DEVELOPMENT L

The project, more specifically, covers the expenditures at the group's two Corporate Research Centres, located in Espoo and Oulu, which provide special know-how and equipment to support and supplement the R&D efforts of the group's various business units. Further included are the expenditures incurred by the development projects carried out at the group's "competence centres": i.e. Water Research (Oulu), Recycling (Helsingborg) and Wood Fibre Line (Vaasa). Finally included is the development work for active business operations are decentralised at the R&D organisations of the Business Units e.g. at Tikkurila, Vaasa, Pori, Helsingborg, and Stockholm.

Further information:

Kemira Oyj Jukka Ryhänen, Vice President, Group Treasurer Tel. +358 (0)10 862 1788 Mobile +358 (0)50 525 2354

Kemira Oyj Hannu Toivonen, Executive Vice President, R & D and Technology, EHS Mobile +358 (0)50 69 201

KEMIRA

Kemira is a chemicals group that is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. Kemira is seeking to be a global group of leading chemical businesses with unique competitive position and a high degree of mutual synergy.

In 2005, Kemira had revenue of EUR 1,994.4 million and posted operating profit of EUR 165.5 million. Earnings per share were EUR 0.73 and the return on capital employed 9.9%. At the end of the year, the company had a payroll of 7,670 employees. During 2005 Kemira rose to the leading position in all four of its business areas.