Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Announced: 2009-11-12

Deal Participants

Target (Company)   The Dow Chemical Company - Powder Coatings Activities
Acquirer (Company) Akzo Nobel N.V.
Vendor (Company)   The Dow Chemical Company

Deal Rationale

The acquisition will enable Akzo Nobel to enhance its powder coating technologies in the US.

Kemira and Akzo Nobel will ensure an uninterrupted supply to the customers. The supply of iron coagulant products will be done from Kemira's Helsingborg site in Sweden.

"Kemira has a local presence in over 40 countries and a competitive manufacturing network. We are a market leader in coagulants in North America, Europe and Brazil. This acquisition is part of our strategy to enforce our market position. By enforcing our presence in the Nordic countries we can serve our municipal and industrial customers even better", says the head of the Industrial customer segment Hannu Virolainen.

For more information, please contact

Kemira Oyj Hannu Virolainen, Senior Vice President, Industrial customer segment Mobile phone: +358 50 500 4001

Leena Lie, Vice President, Communications Mobile phone: +358 40 745 7943

Kemira is a global 2.8 billion euro chemicals company that is focused on serving customers in water-intensive industries. The company offers water quality and quantity management that improves customers' energy, water, and raw material efficiency. Kemira's vision is to be a leading water chemistry company. Its paints and coatings business Tikkurila, aims to be the market leader in decorative paints and selected wood and metal coatings in chosen markets.

www.kemira.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Kemira Oyj

Expected next investor conference call information:
Conference Call Date: 7/29/2009
Conference Call Time (ET): 3:00 AM
Conference Call URL: http://www.akzonobel.com/news/webcasts_videos/q2_2009_analysts_conference_call_webcast.aspx