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Hexion Specialty Chemicals To Raise Global Prices For CARDURA, ACE and VEOVA

May 30, 2007 at 12:00 AM EDT

COLUMBUS, Ohio – (May 25, 2007) – Hexion Specialty Chemicals announced today that it will increase the prices of its CARDURA™ (Glycidyl Ester), ACE™ (Acrylic acid adduct of Cardura) and VEOVA™ (Vinyl Ester) monomers globally effective July 1 or as contract terms allow. Prices of all VeoVa, Cardura and ACE grades will increase by 100 Euro/mt or 150 USD/mt (equaling 7 cents per pound).

About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio (USA), Hexion Specialty Chemicals is the global leader in thermoset resins. Hexion 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. Additional information is available at www.hexion.com.

CONTACT:
Peter Loscocco
VP, Public Affairs
614-225-4127
peter.loscocco@hexion.com