ROTTERDAM, The Netherlands and SAO PAULO, June 15, 2018 /PRNewswire/ -- LyondellBasell, (NYSE: LYB), one of the largest plastics, chemicals and refining
companies in the world, and Odebrecht S.A., the controlling shareholder of Braskem (NYSE: BAK, B3: BRKM5, BRKM3), a leading
plastic producer in the Americas, in a joint statement today announced the companies have entered into exclusive discussions
regarding a potential transaction between LyondellBasell and Braskem.
The companies jointly stated:
"Both LyondellBasell and Braskem share a strong culture of operational excellence and legacies of value-creating innovation.
We believe that the potential combination of LyondellBasell's and Braskem's complementary strengths, product portfolios and
operational footprints would create significant value for our shareholders, customers and employees."
"Braskem's board of directors and management have been informed of the existence of these discussions. The discussions are
preliminary and no agreements have been reached. Among other things, the parties will need to complete appropriate diligence,
negotiate definitive agreements and obtain corporate approvals. There can be no assurance the discussions will result in a
transaction or on what terms any transaction may occur. LyondellBasell and Odebrecht S.A. do not intend to make any further
comment unless and until the discussions conclude or are required by applicable law."
About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by
its 13,400 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to
modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies
through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks
on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin
technologies. In 2018, LyondellBasell was named to Fortune magazine's list of the "World's Most Admired Companies." More
information about LyondellBasell can be found at www.LyondellBasell.com.
Forward-Looking Statements
The statements in this release relating to matters that are not historical facts are forward-looking statements. These
forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are
subject to significant risks and uncertainties. Actual results could differ materially. Factors that could cause results to
differ materially from those described in the forward-looking statements include those found in the "Risk Factors" section of our
Form 10-K for the year ended December 31, 2017, which can be found at www.lyondellbasell.com on the Investor Relations page and on the Securities
and Exchange Commission's website at www.sec.gov.
Media Contacts:
LyondellBasell
Michael Waldron
Vice President, Global Corporate Communication
LyondellBasell
1221 McKinney Street, Suite 300
Houston, Texas 77010 USA
Office: +1-713-309-3312
Michael.Waldron@lyondellbasell.com
www.lyondellbasell.com
Odebrecht S.A.
Shirley Emerick
Communication
Odebrecht
Rua Lemos Monteiro, 120 16o andar
São Paulo - SP - 05.501-050
Office: +55 11 3096-8319
shirleyemerick@odebrecht.com
www.odebrecht.com
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SOURCE LyondellBasell