INEOS NOVA Announce Price Increase for Expandable Polystyrene (EPS)

Fribourg, Switzerland - INEOS NOVA announced today that they are increasing the price for expandable polystyrene (EPS) by 100 Euro per tonne, effective June 1, 2008. This increase is necessary because of continuing large increases in feedstock costs and because margins in EPS have slipped to unsustainably low levels. The timing is good as demand is expected to be strong at this time of year. INEOS NOVA is committed to being recognized as the global leader in styrenics. Our employees manufacture and market styrene and styrenic polymers with a dedicated focus on health, safety, security and environmental stewardship. INEOS NOVA is a joint venture of INEOS and NOVA Chemicals.