UKRAINIAN PAINT COMPANY TRANSFERRED TO TIKKURILA'S OWNERSHIP

Tikkurila, which is responsible for Kemira's paints and coatings business, has increased its ownership in the Ukrainian-based company Kolorit Paints. After the Ukrainian party LGU sold its 49% stake, Tikkurila Oy owns 100% of the company shares. Financial details were not disclosed.

At the same time, the company name was changed to TOB Tikkurila. With net sales totalling approx. USD 3.7 million (EUR 2.9 million) in 2005, the company manufactures water-borne paints in Kiev for mainly professional users under the brand name Kolorit. From now on, TOB Tikkurila will also market Finnish-made decorative paints under the Tikkurila brand and industrial coatings under the Tikkurila Coatings brand.

Tikkurila acquired a majority stake in Kolorit Paints in the autumn of 2004. The recent acquisition will further strengthen the company's market position in the CIS area and especially in Ukraine. Paints and coatings from Tikkurila have been exported to the country since the beginning of the 1980s.

For more information, please contact:

Raivo Voit, General Director, TOB Tikkurila
GSM: +380 674 418 382

Janno Paju, Tikkurila Oy, Vice President, Deco Eastern Europe
GSM +372 5330 1721

Ilpo Jousimaa, President, Tikkurila Coatings Oy
GSM: +358 400 499 855

Tikkurila is the leading paint manufacturer in North and East Europe with net sales of EUR 458 million in 2005. The company has production units in seven countries and sales units in six more countries. The product range comprises decorative paints and industrial coatings.

Kemira is a chemicals group made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints and coatings. It is a global group of leading chemical businesses with a unique competitive position and a high degree of mutual synergy. In 2005, Kemira recorded net sales of around EUR 2 billion and had a payroll of 8,000 employees. The Group operates on all continents, in 40 countries.

For more information, please visit the websites www.tikkurila.com and www.kemira.com.

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