Mainz, Germany, February 28, 2003 – Effective April 1, Basell will increase prices of all its Advanced Polyolefins products in Europe by 80 € per ton.

This increase is necessary because of the recent sharp increases of the costs of petrochemical raw materials.

In addition to Advanced Polyolefins, Basell develops, produces and markets polypropylene, polyethylene and polyolefin catalysts, and also develops and licenses polyolefin processes. Basell’s Internet address is www.basell.com