Hexion Inc. Announces Sale of Additives Technology Group Business

COLUMBUS, Ohio–(BUSINESS WIRE)–Hexion Inc. (“Hexion” or the “Company”) today announced it has sold its
Additives Technology Group (ATG) business to MÜNZING CHEMIE GmbH
(MÜNZING), a privately-owned specialty additive company headquartered in
Abstatt, Germany (“Transaction”). The Company received approximately $50
million in proceeds from the transaction, which is subject to customary
post-closing adjustments. Hexion will use the sale proceeds for general
corporate purposes.

The Transaction involved the sale of two manufacturing sites located in
Somersby, Australia and Sungai Petani, Malaysia, along with certain
intangible property. These sites produce a range of specialty chemical
materials for the engineered wood, paper impregnation and laminating
industries, including catalysts, release agents and wetting agents. The
ATG business operated within Hexion’s Forest Products Resins Segment. No
other terms of the transaction were announced.

“We are pleased to successfully complete the sale of our ATG business,”
said Craig A. Rogerson, Chairman, President and CEO. “We continue to
position the Company for profitable growth by strategically managing our
portfolio and optimizing our cost structure.”

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset
resins. Hexion Inc. 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 Inc. is controlled by investment funds affiliated
with Apollo Global Management, LLC. Additional information about Hexion
Inc. and its products is available at www.hexion.com.

Contacts

Hexion Inc.
John Kompa, 614-225-2223
[email protected]