Rahu and OM Group Announce Global Coatings and Composites Agreement

NOTTINGHAM, England and CLEVELAND, Ohio, December 19 /PRNewswire/ — US
based specialty chemicals producer OM Group, Inc. (NYSE: OMG) and Rahu
Catalytics have agreed to develop a long term global licence and supply
agreement for novel technology in the field of additives for coatings, inks
and composites.

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According to the agreement, OMG will acquire the rights to use Rahu’s new
iron based FeONIX oxidation catalysts as driers in coatings and inks, and
polymerisation additives for composites. Designed to meet future legislation
relating to the use of transition metal based soaps in these markets, FeONIX
complexes offer ultra low dosage to generate high performance in use.
Extensive testing has demonstrated a range of major technical and commercial
benefits for users in addition to an improved environmental profile.

OMG will introduce its new range of coatings and inks products at the
European Coatings Show in Nuremburg in March 2009, presenting a technical
paper at the parallel technical symposium.

According to Stephen D. Dunmead, vice president and general manager,
specialties group of OM Group, the agreement supports OMG’s strategy to
expand its product portfolio and technology base. “We are pleased to join
with Rahu Catalytics to develop market-leading specialty chemicals for
coatings and composites,” said Dunmead.

Rahu CEO, Paul Smith, welcomed the deal which confirmed commercialisation
of a second major catalyst platform for Rahu, after recent successes with its
manganese based Dragon complexes in the field of textiles, chemical synthesis
and waste water treatment. He was particularly delighted to be working with a
world leader in its field, “OMG is a company with a clear vision and we are
excited about collaborating with such a great team of people to create real
value for our customers”

About OM GROUP, INC.

OM Group, Inc. is a diversified global developer, producer and marketer
of value-added specialty chemicals and advanced materials that are essential
to complex chemical and industrial processes. Key technology-based end-use
applications include affordable energy, portable power, clean air, clean
water, and proprietary products and services for the microelectronics
industry. Headquartered in Cleveland, Ohio, OM Group operates manufacturing
facilities in the Americas, Europe, Asia and Africa. For more information,
visit the company’s Web site at http://www.omgi.com/.

About Rahu Catalytics

Rahu Catalytics Limited sells catalyst based solutions for reducing
energy, water and waste costs in a range of industrial processes. Its
technology is based on three families of oxidation catalysts acquired from
the Unilever Group in 2006. These specialty chemical products contribute
significantly to the development of clean technologies designed to reduce
operating costs and meet current and future legislation, both in the
developed world and the growing economies of Asia and Latin America. The
company is headquartered in Nottingham, UK and operates laboratories in
Rotterdam, the Netherlands and Shanghai, China. For more information, visit
the company’s Web site at http://www.rahucat.com .

Contact : Mr Glenn Fletcher, Finance & Operations Director, Rahu
Catalytics Limited, glenn.fletcher@rahucat.com

SOURCE Rahu Catalytics Limited