10-Jun-2002 - Millennium Chemicals Inc.

Millennium Chemicals Announces Global Price Increase in Acetyls Business

Hunt Valley, Maryland, USA, June 7, 2002 – Millennium Chemicals today announced the following increases in selling prices of vinyl acetate monomer (VAM) and glacial acetic acid (GAA) effective July 1, 2002:

North America: VAM – US$0.02/pound or as contracts permit;

GAA – US$0.03/pound or as contracts permit.

South America: VAM – US$50/metric ton, and is in addition to a US$50/ metric ton increase announced effective April 1, 2002.

Europe: VAM – Euros 150/metric ton; GAA – Euros 80/metric ton or as contracts permit.

Asia, including the Middle East: VAM – US$50/metric ton; GAA – US$50/ metric ton.

Millennium Chemicals (website: www.millenniumchem.com) is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.

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