Tikkurila Oyj has submitted a listing application to the Helsinki Stock Exchange

Tikkurila Oyj / Stock Exchange Release / March 17, 2010 at 3.00 pm (CEE+1)

Tikkurila Oyj (“Tikkurila”) has today filed an application with NASDAQ OMX Helsinki Ltd (the ”Helsinki Stock Exchange”) for Tikkurila’s shares (the “Shares”) to be admitted to trading on the official list of the Helsinki Stock Exchange. Trading of the Shares on the official list of the Helsinki Stock Exchange is expected to commence on or about March 26, 2010.

Tikkurila’s share capital is EUR 35,000,000 and the total number of the Shares is 44,108,252. Tikkurila’s Shares were entered into the Finnish book entry system on February 17, 2010. Tkkurila is a wholly-owned subsidiary of Kemira Oyj (“Kemira”).

On March 16, 2010, the Annual General Meeting of shareholders of Kemira decided, that Kemira distributes to its shareholders as dividend an aggregate of 37,933,097 Shares in Tikkurila (the “Share Dividend”). The Shares are distributed to the shareholders who are recorded as Kemira’s shareholders (or nominee registered shareholders) on the record date of March 19, 2010 and such Shares are expected to be delivered to the book-entry accounts of the relevant shareholders on or about March 26, 2010.

The Share Dividend will reduce Kemira’s holding of the Shares and voting rights in Tikkurila to approximately 14 percent.
 
The Finnish language prospectus related to the Share Dividend and the admission of the Shares to trading on the official list of the Helsinki Stock Exchange has been available on the internet at www.tikkurilagroup.com/fi since March 11, 2010 and, since March 12, 2010, at the premises of Kemira at Porkkalankatu 3, FI-00180 Helsinki, Finland, at the premises of Tikkurila at Kuninkaalantie 1, FI-01300 Vantaa, Finland, at the branch office of SEB Enskilda at Unioninkatu 30, FI-00100 Helsinki, Finland and at the reception of the Helsinki Stock Exchange at Fabianinkatu 14, FI-00130 Helsinki, Finland.

Tikkurila Oyj
Erkki Järvinen, President and CEO


For further information, please contact:

Tikkurila Oyj
Erkki Järvinen, President and CEO, mobile +358 400 455 913
Susanna Aaltonen, Group Vice President, Communications, mobile +358 40 593 4221

Tikkurila provides consumers, professionals and industrial users with user-friendly and environmentally sustainable solutions for protection and decoration. Tikkurila is a strong regional player that aims to be the leading paint company in the Nordic area and Eastern Europe including Russia. – Tikkurila inspires you to color your life.

www.tikkurila.com


DISCLAIMER

Laws of certain jurisdictions may impose restrictions on the distribution of this release and the share dividend. This release does not constitute an offer to sell or a solicitation to buy any shares in any jurisdiction to any person to whom it is unlawful to make such an offer in such jurisdiction. No actions have been taken to register or qualify the Share Dividend or otherwise to permit a public offering of the Tikkurila shares in any jurisdiction outside of Finland. Persons into whose possession this release comes must inform themselves of and observe all such restrictions. In particular, the dividend shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any state of the United States and, accordingly, may not be offered or sold, directly or indirectly, in or into the United States (as defined in Regulation S), unless registered under the Securities Act or where such registration is not required.

SEB Enskilda is acting exclusively for Kemira and Tikkurila and no one else in connection with the share dividend. It will not regard any other person (whether or not a recipient of this release) as its client in relation to the share dividend and will not be responsible to anyone other than Kemira and Tikkurila for providing the protections afforded to its clients, nor for giving advice in relation to the share dividend or any transaction or arrangement referred to herein. No representation or warranty, express or implied, is made by SEB Enskilda as to the accuracy, completeness or verification of the information set forth in this release, and nothing contained in this release is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or the future. SEB Enskilda assumes no responsibility for its accuracy, completeness or verification and, accordingly, disclaim, to the fullest extent permitted by applicable law, any and all liability which it may otherwise be found to have in respect of this release or any such statement.

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