Basell announced today that it has sold its 50% share in the Compagnie Industrielle des Polyethylenes de Normandie (CIPEN) linear low density polyethylene plant in Notre-Dame-de-Gravenchon, France to ExxonMobil.

"After careful review of our position we have concluded that we will focus our presence in the polyethylene and polyethylene film market by relying on our own low and high density polyethylene technologies," said Werner Breuers, president of Basell Polyolefins Europe. "Basell will, however, continue to supply its key accounts in the film business with both linear low and metallocene linear low density products for a period of at least two years."

Basell is the world's largest producer of polypropylene and advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell, together with its joint ventures, has manufacturing facilities around the world and sells products in more than 120 countries. Additional information about Basell is available at www.basell.com.

For additional information, contact:
Michelle Talmo, Basell Corporate Communications, at +1 302 438 6574,
+1 410 996 1366 or michelle.talmo@basell.com.