ºÚÁϳԹÏÍø

Rotterdam, The Netherlands and São Paulo, Brazil - June, 15, 2018 - LyondellBasell, (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and Odebrecht S.A., the controlling shareholder of ºÚÁϳԹÏÍø (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 ºÚÁϳԹÏÍø. 

The companies jointly stated: 
"Both LyondellBasell and ºÚÁϳԹÏÍø share a strong culture of operational excellence and legacies of value-creating innovation. We believe that the potential combination of LyondellBasell's and ºÚÁϳԹÏÍø's complementary strengths, product portfolios and operational footprints would create significant value for our shareholders, customers and employees.

"ºÚÁϳԹÏÍø'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."