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Investor Presentaiton

Impact from variable costs continued to be positive SALES PRICE VS VARIABLE COST TREND (ROLLING 12-MONTH CHANGE Y-O-Y) EUR million SALES PRICES AND VARIABLE COSTS (CHANGE Y-O-Y) EUR million 180 120 60 60 0 -60 -120 -180 47 42 37 34 34 32 26 26 38 28 36 20 25 16 13 13 23 11 28 29 24 23 19 ■ G 5 4 11 14 11 28 25 20 28 16 15 Hiili -9 3 -18 -3-10 -2 -2 -10 -23 13 -16 -18 -20 -23 -23 -26 -16 -5 -4 -4 -13-14 -14 -20 -25 -29 -32 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2016 2017 2018 2019 2020 Net impact on EBITDA (sales prices-variable costs) Brent oil, USD Sales prices* * 12-month rolling change vs previous year in EUR million Kemira FEBRUARY 11, 2021 -Variable costs* INVESTOR PRESENTATION Sales prices -Variable costs 49 64
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