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RAISIO CHEMICALS TO RATIONALISE OPERATIO

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Raisio Group plc           Stock Exchange Release
                           11 April 2003 at 9.00 Finnish time



RAISIO CHEMICALS TO RATIONALISE OPERATIONS

Raisio Group’s chemicals business sector continues to rationalise
its operations. It has started a major programme, which aims to
EUR 15 million annual cost savings. Savings will be found
especially in indirect costs and through increasing the sourcing
efficiency globally. Cost savings will have their full effect from
the beginning of next year. Additionally, Raisio Chemicals aims to
improve capital management and reduce the working capital by EUR
15 million.

Raisio Chemicals Ltd has today invited the Finnish white collar
workers to codetermination talks. These talks will start on 22
April 2003 and some 40 posts are expected to be cut down. The
total reduction need in all Raisio Chemicals units is estimated to
be about 100 posts globally. The total number of employees is
today almost 1,200.

Through the started measures Raisio Chemicals is striving to
adjust operations to present demand levels, to eliminate
overlapping and rationalise operations, and to achieve a clear
improvement in profitability.


RAISIO GROUP PLC


Taru Narvanmaa, Executive Vice President, Communications and IR
tel. +358 50 590 9398

Further information:
Jari Lehmusvaara, Vice President, Raisio Chemicals
tel. +358 50 556 6519

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