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Hexion Merging Further Extended Under Previous Agreement

Apr 8 2008

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Huntsman Corporation (“Huntsman”) announced today that Hexion Specialty Chemicals, Inc. (”Hexion”) has exercised its right to extend the Termination Date under the Merger Agreement by ninety days, from April 5th to July 4th, 2008.

Huntsman had previously announced on January 26, 2008, that it had received notice of Hexion’s intention to extend the Merger Agreement, in connection with the parties’ agreement with the Federal Trade Commission (“FTC”) to allow the FTC additional time to review the proposed merger.

Huntsman and Hexion continue to work with the FTC and regulatory agencies in other jurisdictions, including the European Union, to obtain the required approvals.

Posted April 8th,2008

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