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Investor Presentaiton

. Items affecting comparability Items affecting comparability, EUR million Q4 2020 Q4 2019 FY 2020 FY 2019 Q4 2020: EUR 14 million related to liabilities in a small, to-be-closed energy company in Finland owned via Pohjolan Voima Restructuring costs in Pulp & Paper of around EUR 4 million due to organizational changes in the Americas Q1-Q3 2020: Restructuring costs in Oil & Gas of around EUR 2 million Increased environmental provisions due to clean-up of old manufacturing site in Finland Within EBITDA Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION -16.7 -20.5 -21.8 -27.7 Pulp & Paper -16.8 -20.8 -20.0 -25.8 Industry & Water 0.1 0.3 -1.8 -1.8 Within depreciation, amortization 0.0 0.0 0.0 -1.9 and impairment Pulp & Paper 0.0 0.0 0.0 0.0 Industry & Water 0.0 0.0 0.0 -1.9 Total items affecting -16.7 -20.5 -21.8 -29.6 comparability in EBIT 83 63
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