Harri Kerminen, President & CEO October 27, 2011

KemiraJanuary - September 2011

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DISCLAIMER

This presentation contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or our future financial performance, including, but not limited to, strategic plans, potential growth, planned operational changes, expected capital expenditures and future cash sources and requirements, that involve known and unknown risks, uncertainties and other factors that may cause Kemira Oyj’s or its businesses’ actual results of operations, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. In some cases, such forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of those terms or other comparable terminology.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Future results may vary from the results expressed in, or implied by, the forward-looking statements contained in this presentation, possibly to a material degree. All forward-looking statements made in this presentation are based on information presently available to management and Kemira Oyj assumes no obligation to update any forward-looking statements, unless obligated to do so under applicable law or regulation.

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Revenue EUR 558.3 million (554.4 in Q3 2010)• Organic growth +6%

• Currency exchange and divestments -5%

Operative EBIT EUR 40.8 million (42.5)• Volumes and prices EUR +22 million

• Variable and fixed costs EUR -20 million

• Divestments and currency EUR -3 million

• Operative EBIT margin was 7.3% (7.7%)

Profit before taxes EUR 42.1 million (46.0)• Q3 2010 comparable profit before taxes EUR 42.5 million

• Financial expenses EUR -7.7 million (-3.0)

• Profit from the associated companies EUR 9.0 million (3.0)

Cash flow after investments EUR 56.7 million (6.6)• Change in net working capital EUR 33 million (-23)

Q3 2011 Highlights

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Q3/11 vs Q3/10:• +5.6% organic growth• +0.5% acquisitions• -5.4% divestments and currency exchange

Kemira Group revenue growth trend

Volume and price

Currency

Acquisitions

Divestments-15%

-10%

-5%

0%

5%

10%

15%

20%

Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311

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Kemira Group revenue trend

440

460

480

500

520

540

560

580

Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311

MEUR

• +2% growth from Q2 2011

• Higher sales prices

• Stable volumes

Q3 2011 revenue of EUR 558.3 million is the highest quarterly revenue with current Kemira company structure to date

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Kemira Group operative EBIT trend

MEUR

15

20

25

30

35

40

45

50

Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311

• 9% improvement from Q2 2011

• Sales price increases clearlyoffset higher costs

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Revenue EUR 1,663.9 million (1,614.3 in 1-9/2010)• Increase of 3%

• Organic growth 6%

Operative EBIT EUR 123.0 million (122.1)• Increase of 1%

• Operative EBIT margin was 7.4% (7.6%)

• Raw material prices increased substantially

Profit before tax EUR 131.4 million (115.0)• Increase of 14%

• 1-9/2010 comparable profit before taxes EUR 108 million

• Financial expenses EUR -15 million (-21)

• Income from the JV Sachtleben EUR 24 million (7)

January-September 2011 highlights

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0

2

4

6

8

10

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FY 2008 FY 2009 FY 2010 YTD 2011

7.4%

4.1%3.3%

8.3%

4.3%

7.6%

3.1%

10.8%

%

Group Paper Municipal & Industrial

Oil & Mining

Kemira operative EBIT margin 7.4% in January-September 2011

Kemira operative EBIT 1-9/2011 vs 1-9/2010

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• Volume and price increase offset higher variable and fixed costs

Jan-Sep 2010 Sales volumesand prices

Variable costs Fixed costs Currencyimpact

Others, incl.acquisitions

anddivestments

Jan-Sep 2011

122.1

73.1 -61.7

-9.3-3.6 2.4 123.0

MEUR

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Outlook 2011

We expect that the volume recoverythat was seen in 2010 will continue in 2011

Kemira expects revenueto be slightly higher in 2011 than in 2010

Despite rising raw material prices,Kemira’s operative EBIT in 2011 is expected to be higher than in 2010

Kemira expects capital expenditure to be between EUR 100-110 million in 2011

Segment highlights of Q3/2011

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Paper in Q3/2011Revenue decreased to EUR 243.4 million (259.9 in Q3 2010)

• Divestment and currency exchange had EUR 21 million negative effect

• Organic revenue growth 2%, sales price increases had a positive effect

• Pulp demand was stable, slightly lower compared to Q2 2011

• Sales volumes to Packaging board increased

• Stable demand within most paper grades

Operative EBIT decreased 10%• Operative EBIT margin 7.6% (7.9%)

• Currency exchange and divestment had a negative effect

Strong cash flowChemical solutions for the water-intensivepulp and paperindustry to improvethe profitability as wellas water, raw materialand energy efficiency

(EUR million) Q3/11 Q3/10 1-9/11 1-9/10 FY10Revenue 243.4 259.9 738.8 741.3 984.3

Operative EBIT 18.5 20.5 61.2 54.0 75.6

Operative EBIT, % 7.6 7.9 8.3 7.3 7.7

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Municipal & Industrial in Q3/2011

Revenue increased 6% vs Q3/2010• Sales volumes to municipal and industrial customers increased

• Increased average sales prices

• Effect from currency exchange -3%

Operative EBIT EUR 15.4 million (14.5)• Higher sales prices and volumes

• Operative EBIT margin improved significantly from Q2 2011

Strong cash flow

Water treatment, waterpurification and sludgetreatment solutions for municipalities and industries

(EUR million) Q3/11 Q3/10 1-9/11 1-9/10 FY10Revenue 173.7 164.0 498.1 476.1 643.6

Operative EBIT 15.4 14.5 37.9 46.8 59.0

Operative EBIT, % 8.9 8.8 7.6 9.8 9.2

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Municipal & Industrial sales prices and variable costs

Variable costs*

Sales prices*

• A lag between variable cost change vs sales prices• A marginal effect to operative EBIT on average

*rolling 12-months change vs previous year

Q4/

05Q

1/06

Q2/

06Q

3/06

Q4/

06Q

1/07

Q2/

07Q

3/07

Q4/

07Q

1/08

Q2/

08Q

3/08

Q4/

08Q

1/09

Q2/

09Q

3/09

Q4/

09Q

1/10

Q2/

10Q

3/10

Q4/

10Q

1/11

Q2/

11Q

3/11

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Oil & Mining in Q3/2011

Revenue increased 9% vs Q3/2010• Favorable pricing and higher sales volumes

• Organic growth 11%

• Currency exchange had a negative effect

Operative EBIT increased 16%• EBIT margin improved to 11.7% (11.0%)

• Highest margin to date for Oil & Mining segment

• Price increases and higher sales volumes had a positive effect

Strong cash flow

Chemical solutions for the oil and miningindustries, where waterplays a central role.

(EUR million) Q3/11 Q3/10 1-9/11 1-9/10 FY10Revenue 87.2 80.2 255.7 224.9 297.5

Operative EBIT 10.2 8.8 27.7 22.1 28.6

Operative EBIT, % 11.7 11.0 10.8 9.8 9.6

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Other (Specialty chemicals and Group expenses)

Specialty chemicals (ChemSolutions)• Customers in the food, feed, and pharmaceutical

industries and airports runway de-icing

• EBIT margin decreased to 8.1% (12.7%)

• Significantly higher variable costs

Group expenses• Q3 2011 at the same level as in Q3 2010

Incl. other and eliminations

(EUR million) Q3/11 Q3/10 1-9/11 1-9/10 FY10Revenue 54.0 50.3 171.3 172.0 235.5

Operative EBIT -3.3 -1.3 -3.8 -0.8 -0.9

JV Sachtleben (Kemira ownership 39%)

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TiO2 pricing environment has been favorable driven by strong demand. Capacity utilization rates have been restored to sound basis after someplant closures during recent years.

Income from JV Sachtleben over tripled to EUR 23.8 million (EUR 6.8 million in 1-9/2010) in 1-9/2011.

Main reasons for this: 1) Supply/demand balance has been extremely tight in 2011 enabling price increases2) Kemira made in 2008 a strategic decision to combine its TiO2 business together with

Rockwood. The combination resulted in significant synergies that are now reflected in the results.

In the past few years both Kemira and Rockwood have stated that they do not consider TiO2 to be a long-term core business.

Therefore, although we are currently happy with the performance of this business, we continue to consider and evaluate strategic options for this business for the long-term.

TiO2

TiO2 = titanium dioxide

Strong execution in tough market conditions

Alternative GDP growth scenarios• Back-on-track• U-shape low growth period• Second dip of W-downturn

Global economic outlook with uncertainty and low visibility

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Source: IMF Statistics /Global Economic Outlook 2011• World GDP, constant prices Percent change• Crude Oil (petroleum), Simple average of three spot prices (APSP); Dated Brent, West Texas Intermediate,

and the Dubai Fateh Dollars per barrel

Implications to Kemira in case of U-shape scenario• Paper: low visibility, declining demand

• M&I: lower raw material prices, stabledemand

• O&M: minor impact to current business, delay of some future growth projects

• ChemSolutions: non-cyclical food&feed, very good market position in pharma

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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Crud

e oil price, USD

 per barrel

GDP

 growth % yoy

GDP Oil Price

-150

-100

-50

0

50

100

150

200

Q4/

2007

Q1/

2008

Q2/

2008

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2008

Q4/

2008

Q1/

2009

Q2/

2009

Q3/

2009

Q4/

2009

Q1/

2010

Q2/

2010

Q3/

2010

Q4/

2010

Q1/

2011

Q2/

2011

Q3/

2011

Sales price* Variable costs*

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Raw material cost management has improved since 2008

*12-month rolling change vs previous yearExcl. Tikkurila and Pigments

Source

Deliver

Truly global supply chain organization with tight integration to sales

Time lag “reaction time” between pricing and costs have been reduced since 2008

EUR million

Plan

Strong and resilient financial position in uncertain times

‐100 %

‐75 %

‐50 %

‐25 %

0 %

25 %

50 %

75 %

100 %

125 %

‐200

‐150

‐100

‐50

0

50

100

150

200

250

FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 YTD 2011Free cash flow Gearing

M€

Addressing water related megatrends

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Efficient and advancedprocessing of

biomasses

Clean water –cities, industries, water systems

Sustainableextraction of natural

resources

Waterefficiencyand reuse

Paper: EUR 10 billion market• Increased recycling, new products, emerging markets• #1-3 in nearly all markets we address by region

Oil & Mining: EUR 8 billion market• Role of water continuously rising• #1-4 market position

Municipal & Industrial: EUR 10 billion market• Rising environmental regulation/awareness• #1 position in coagulants

Recognized leader in our main target markets

Brand profile Customer-driven innovator

Customer loyalty Industry-leading

Investor perception strong profit X premium multiple

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Water chemistry strategy – value creation

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Leading marketpositions

Broad and differentiated

offering

Strong balancesheet

Engaged and dedicatedemployees

Business opportunities driven by growingdemand for efficient use of water

Growth• SWEET – new waterchemistry applications

• Emerging markets withsignificant opportunities

• Mature markets withspecial growth niches

• Strenghtening of localizedproduction capability

Profitability• Pricing management• Raw material costmanagement

• Product-customer mix optimization

• Productivityimprovement projects