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Hexion Specialty Chemicals to Raise Global Prices for Epoxy Resins in North America and South America

June 7, 2007 at 12:00 AM EDT

COLUMBUS, Ohio – (June 7, 2007) – Hexion Specialty Chemicals announced that it will increase prices in North America and South America effective July 1, 2007, or as contract terms allow.

Hexion will increase list and off-list prices for: EPIKURE™ Cycloaliphatic curing agents by $0.07 per pound; EPIKURE™ Polyamide curing agents, HELOXY™ modifiers, and EPON™ epoxy resin solutions by $0.05 per pound.

This price increase is due to continued increases in raw material costs.

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.

CONTACTS:
Jim LaBar
Pricing Manager, Epoxy Specialties – Americas
James.LaBar@hexion.com

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