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Hexion Specialty Chemicals Announces Conference Call Regarding Acquisition of Huntsman Corporation

July 12, 2007 at 11:30 AM EDT

COLUMBUS, Ohio – (July 12, 2007) – Hexion Specialty Chemicals, Inc. will host a teleconference to discuss the signing of a definitive agreement to acquire Huntsman Corporation (NYSE: HUN) today, Thursday, July 12, at 2:00 p.m. Eastern Time.

Interested parties are asked to dial-in approximately 10 minutes before the call begins at the following numbers:

U.S. Participants:  800.561.2731
International Participants:  617.614.3528
Participant Passcode:  19798520

Live Internet access to the call will be available through the Investors Section of the Company's website: www.hexion.com.

A replay of the call will be available for three weeks beginning at 5 p.m. Eastern Time, July 12, 2007. The playback can be accessed by dialing 888-286-8010 (U.S.) and 617-801-6888 (International). The passcode is 37711142. A replay will also be available through the Investors Section of the Company's website.

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion had 2006 revenues of $5.2 billion, operates 104 manufacturing facilities and employs more than 7,000 associates worldwide.  The company is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.

About Huntsman Corporation

Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.  Huntsman today has 14,000 employees and over 75 operations in 24 countries. The Company had 2006 revenues from all operations of over $13 billion.  Additional information is available at www.huntsman.com.

CONTACTS:
Investors -
John Kompa
Director, Investor Relations
Hexion Specialty Chemicals, Inc.
+1 614 225 2223
+1 614 284 3962 mobile
john.kompa@hexion.com

Media -
Peter F. Loscocco
Vice President, Public Affairs
Hexion Specialty Chemicals, Inc.
+1 614 225 4127
+1 614 226 4127 mobile
peter.loscocco@hexion.com