Hexion Specialty Chemicals To Raise Epoxy Resin Prices In Asia

COLUMBUS, Ohio--June 22, 2006--Hexion Specialty Chemicals, Inc. will increase the prices for all of its epoxy resins in Asia, effective July 1, or as contracts allow.

Hexion will increase prices for liquid, solid and solution epoxy resin grades by 100 USD/mt. Specialty Epoxy Resin prices will be increased by similar amounts.

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals 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 Specialty Chemicals is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.