Methanex Collaborates On DaimlerChrysler's NECAR 5 Drive Across America

    VANCOUVER, British Columbia--June 4, 2002-- DaimlerChrysler today announced the arrival of the methanol fuel cell vehicle, NECAR 5, in Washington, D.C., successfully concluding the first trans-continental trip of a fuel cell vehicle. The NECAR 5 uses on-board reforming of methanol as the source of hydrogen for the fuel cell vehicle.
    As the fuel provider for the NECAR 5, Methanex played a key role in the success of this record-breaking journey across America and is proud to be a partner on the NECAR 5 Team. Methanex delivered methanol in advance to different refueling points every three hundred miles along the route, testing the existing methanol fuel infrastructure and demonstrating that methanol could be made available across the U.S. as a safe, cost-effective hydrogen carrier for fuel cell vehicles.

    Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH."
    Information in this news release may contain forward-looking statements. By their nature, such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. They include risks attendant with technical developments in the fuel cell industry and the commercial feasibility of using methanol in fuel cell vehicles. Please also refer to page 28 in our 2001 Annual Report for more information on forward-looking statements.