This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20201208005145\/en\/<\/a><\/p>\n \nAs brand owner and consumer demand for sustainable paper and board products increases, this coating and surface treatment will ensure paper and board items are fully biodegradable in soil and water. Danimer Scientific\u2019s biopolymer, Nodax\u2122 polyhydroxyalkanoate (PHA), is renewably sourced from the seeds of plants, such as canola and soy and is 100% biobased. A majority of paper and board products from cups to food packaging are currently coated with fossil fuel-based polyethylene, which hinders the recyclability of the products and creates plastic waste.\n<\/p>\n \n\u201cEvaluating PHA is one step in realizing our biobased strategy to deliver high quality, sustainable and circular packaging solutions. Sustainability is one of the main drivers of Kemira\u2019s long-term growth. We are dedicated to our customer\u2019s success as we increase the value of their end-products. This partnership with Danimer Scientific will bring new biobased and circular products to markets and is an important milestone in reaching our biobased growth targets,\u201d says Antti Matula<\/b>, SVP, Global Product Lines & Business Development for Kemira Pulp&Paper.\n<\/p>\n \n\u201cPHA is a proven biodegradable alternative to fossil fuel-based materials. Partnering with Kemira will enable us to expand to paper applications, delivering a repulpable and biodegradable material without sacrificing the product quality that brands and consumers expect,\u201d says John Moore<\/b>, senior vice president of business development at Danimer Scientific.\n<\/p>\n \nOn October 5, 2020, Danimer Scientific and Live Oak Acquisition Corp. (NYSE: LOAK), a publicly-traded special purpose acquisition company, announced the entry into a definitive agreement for a business combination that will result in Danimer Scientific becoming a public company on the New York Stock Exchange. For more information on Danimer Scientific, visit www.DanimerScientific.com<\/a>.\n<\/p>\n \nFor more information on Kemira, visit www.Kemira.com<\/a>.\n<\/p>\n About Kemira<\/b><\/p>\n \nKemira is a global chemicals company serving customers in water intensive industries. We provide best suited products and expertise to improve our customers\u2019 product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas and water treatment. In 2019, Kemira had annual revenue of around EUR 2.7 billion and over 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com<\/a>.\n<\/p>\n About Danimer Scientific<\/b><\/p>\n \nDanimer Scientific is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, our renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. They return to nature instead of polluting our lands and waters. Our technology can be found in a vast array of plastic end products that people use every day. Applications for our biopolymers include additives, aqueous coatings, fibers, filaments, films, hot-melt adhesives and injection-molded articles, among others. We now hold more than 150 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com<\/a>.\n<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, regarding Live Oak Acquisition Corp.\u2019s (\u201cLive Oak\u201d) proposed acquisition of Danimer Scientific, Live Oak\u2019s ability to consummate the transaction, the benefits of the transaction and the combined company\u2019s future financial performance, as well as the combined company\u2019s growth plans and strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Danimer Scientific\u2019s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Danimer Scientific. These forward-looking statements are subject to a number of risks and uncertainties, including those discussed in Live Oak\u2019s registration statement on Form S-4, filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on October 28, 2020, and as amended to date (the \u201cRegistration Statement\u201d), under the heading \u201cRisk Factors,\u201d and other documents Live Oak has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect Danimer Scientific\u2019s expectations, plans, or forecasts of future events and views as of the date of this press release. Danimer Scientific anticipates that subsequent events and developments will cause its assessments to change. However, while Danimer Scientific may elect to update these forward-looking statements at some point in the future, Danimer Scientific specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Danimer Scientific\u2019s assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements\n<\/p>\n Important Information for Investors and Stockholders<\/b><\/p>\n \nIn connection with the proposed transactions, Live Oak has filed the Registration Statement on Form S-4 with the SEC, which includes a preliminary proxy statement, to be distributed to holders of Live Oak\u2019s common stock in connection with Live Oak\u2019s solicitation of proxies for the vote by Live Oak\u2019s stockholders with respect to the proposed transactions and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities of Live Oak to be issued in connection with the proposed transactions. After the Registration Statement has been filed and declared effective, Live Oak will mail a definitive proxy statement, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement\/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Live Oak, Danimer Scientific and the proposed transactions. Investors and security holders may obtain free copies of the preliminary proxy statement\/prospectus and definitive proxy statement\/prospectus (when available) and other documents filed with the SEC by Live Oak through the website maintained by the SEC at http:\/\/www.sec.gov<\/a>, or by directing a request to: Live Oak Acquisition Corp., 774A Walker Rd., Great Falls, VA 22066 or (901) 985-2865. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.\n<\/p>\n Participants in the Solicitation<\/b><\/p>\n \nLive Oak and Danimer Scientific and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the proposed transactions. Information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is, and will be, included in the Registration Statement and other relevant materials filed, and to be filed, with the SEC regarding the proposed transactions. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. When available, these documents can be obtained free of charge from the sources indicated above.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201208005145\/en\/<\/a><\/span><\/p>\n For more information, please contact: \nKemira Oyj, Americas \nKemira Oyj Danimer Scientific KEYWORDS:<\/b> Georgia United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Packaging Chemicals\/Plastics Environment Forest Products Manufacturing Natural Resources<\/p>\n<\/p>\n
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Kemira Oyj
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Mikko Pohjala, Vice President, Investor Relations
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Tel: +358 40 838 0709
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mikko.pohjala@kemira.com<\/a><\/p>\n
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Tuija Pohjolainen-Hiltunen, Senior Vice President, Pulp & Paper Commercial
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tuija.pohjolainen-hiltunen@kemira.com<\/a><\/p>\n
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Antti Matula, Senior Vice President, Global Product Lines & Business Development
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antti.matula@kemira.com<\/a><\/p>\n
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Anthony Popiel
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Dalton Agency
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Tel: +1 (404) 876-1309
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apopiel@daltonagency.com<\/a><\/p>\n
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