November 14, 2007 – Effective December 1, Basell will increase prices by US-$ 200 per ton on all of its Adflex, Adsyl and reactor-grade Hifax resins that are sold in US dollar-based markets.

“Despite strong demand for our advanced polyolefin products, the deterioration of the U.S. dollar over the last twelve months has resulted in significant margin erosion in our European exports business,” said Paul Yeates, managing director of Basell Sales &Marketing Company B.V. and president of Basell’s Advanced Polyolefins business.

Yeates added: “In addition, we anticipate further price increases will be necessary, as the most recent increases in crude oil costs and the shortage in raw materials in Europe and North America will impact our production costs.”

Basell’s polypropylene resins based on the Catalloy process are marketed under the trade names Adflex, Adsyl and Hifax. These resins, which possess a broad range of properties from flexibility to stiffness, are used to produce customer applications in the building and construction, compounding, specialty and packaging film and automotive industries.

Basell is the global leader in polyolefins technology, production and marketing. It is the largest producer of polypropylene and advanced polyolefin products; a leading supplier of polyethylene and catalysts, and the industry leader in licensing polypropylene and polyethylene processes, including providing technical services for its proprietary technologies. Basell, together with its joint ventures, has manufacturing facilities in 19 countries and sells products in more than 120 countries. Additional information about Basell is available at www.basell.com.

For more information contact Waldemar Oldenburger, Basell Corporate Communications at +49 69 305 854 59, waldemar.oldenburger@basell.com, or please visit our newsroom at www.basell.com/content/newsroom