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Hexion Specialty Chemicals to Raise Prices for Epoxy Resins and Related Products in North America

July 17, 2006 at 11:53 AM EDT

COLUMBUS, Ohio - (July 17, 2006) - Hexion Specialty Chemicals announced today it will increase the prices of its epoxy resins and related products in North America effective August 1 or as contract terms allow.

Hexion will increase list and off-list prices for EPON™ liquid and solid epoxy resins by $0.06 per pound. Off-list prices for EPON specialty liquid, solution, resin blends, brominated, novolac and multifunctional epoxy resin grades and for EPIKURE™ curing agents and HELOXY™ modifiers will increase by $0.06 per pound.

These increases are in addition to the previously announced epoxy resin price increases in North America that became effective on July 1, 2006.

About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio, 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:
Jack Christenson
Epoxy Resins
832-366-2336

Peter Loscocco
Public Affairs
614-225-4127