Henry Roth Assumes Additional Role as President & CEO of Equipolymers

April 1, 2009

Equipolymers has announced the retirement of president & CEO, Graham Fox, effective March 31, 2009. Henry Roth, currently president & CEO of MEGlobal, will succeed Fox as president & CEO for Equipolymers, effective April 1. Henry will retain his role at MEGlobal in addition to his new responsibility with Equipolymers. Both companies are 50/50 joint ventures of The Dow Chemical Company (Dow) and Petrochemical Industries Company (PIC), a wholly owned subsidiary of Kuwait Petroleum Corporation.

"We anticipate a seamless experience for these companies under Henry Roth's leadership," said Juan Luciano, Senior Vice President, Hydrocarbons and Base Plastics with The Dow Chemical Company. "Henry's vast joint venture experience and familiarity with these two organizations make him ideally suited to assume this additional responsibility."

At this time, the two organizations will remain separate legal entities with distinct market presence, however this appointment clearly indicates the owners' desire to find synergies to help reduce the cost burden for both companies. A dedicated task force will be created to evaluate strategic options for the future course of Equipolymers, while still managing day-to-day operations.

There should be minimal customer impact in the near term as commercial teams for both organizations have already been communicating with key customers to ensure they are aware of any immediate changes.

Roth joined Dow in 1977 and held a series of leadership roles in sales and marketing in several Plastics and Chemicals businesses. His Dow career has brought him to various locations in Europe, Africa and the U.S. In 1993, he became Business Manager, Polystyrene in Europe and, in 1996, moved to the Hydrocarbons & Energy Business as Business Director, Olefins in Europe. In 1999, he was named Dow's Global Purchasing Director for Raw Materials Chemicals. He was named to his EQUATE Senior Vice President role in July 2001, where he represented Dow's interest within the EQUATE joint venture and shared executive responsibility with the CEO. He was also the President of EQUATE Marketing Company. He was named CEO of MEGlobal in March, 2006.

Copies of the external news release can be found in the news sections of both the Equipolymers and MEGlobal Internet sites.