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LyondellBasell to declare a special dividend of $4.50 per share

November 14/2011

(LyondellBasell) -- LyondellBasell announced that its Supervisory Board has authorized the company's Management Board to declare a special dividend of $4.50 per share to be paid on Dec. 16, 2011 to shareholders of record as of Nov. 25, 2011, subject to the adoption of a resolution by the Management Board, which is expected to occur on Nov. 25, 2011. The special dividend of approximately $2.6 billion will return value to shareholders and will be financed using a combination of existing cash and proceeds from a recent debt financing.


Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.


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