Hexion Specialty Chemicals Announces Price Increases For Epoxy Resins

June 19, 2006 at 4:00 PM EDT

COLUMBUS, Ohio--(BUSINESS WIRE)--June 19, 2006--Hexion Specialty Chemicals, Inc. has announced that it will increase off-list prices for EPON(TM)-brand epoxy resins products in North and Latin America effective for all shipments July 1, 2006, or as contract terms allow. The price increase includes the following adjustments:

Liquid Epoxy Resins by $0.08/lb.
Solid Epoxy Resins by $0.06/lb.
Epoxy Resin Solutions by $0.06/lb.
Epoxy Resin Blends by $0.08/lb.
Brominated Epoxy Resins $0.08/lb.
Epoxy Phenolic Novolac and Multifunctional Resins by $0.10/lb.

Hexion account managers will be contacting their customers with specific details.

About Hexion Specialty Chemicals

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 Specialty Chemicals is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.

Contact:
Hexion Specialty Chemicals, Inc.
Paul Langemeier, 832-366-2300
OR
Peter F. Loscocco, 614-225-4127

Source: Hexion Specialty Chemicals, Inc.