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Huntsman Appoints President for Advanced Materials Division

February 12, 2009

THE WOODLANDS, Texas, Feb. 12 /PRNewswire-FirstCall/ — Huntsman
Corporation (NYSE: HUN) today announced the appointment of Andre Genton as
President of its Advanced Materials Division. Mr. Genton most recently served
as Vice President and Global Operating Officer of Advanced Materials. He has
25 years of experience and has held a variety of positions in the business,
including Vice President of Design and Composites Engineering, Vice President
of Global Structural Composites, Head of Sales and Technical Service for
Europe, and other roles.

Huntsman’s Advanced Materials business had been combined with Huntsman’s
Textile Effects business in one division, Materials & Effects, with Paul Hulme serving as President. The two businesses will now be recognized as separate
divisions. Mr. Hulme will continue to serve as President of the Textile
Effects division.

Huntsman’s President and CEO Peter R. Huntsman stated: “Under Paul
Hulme’s leadership, these divisions have grown to become market leaders in
their respective industries. As we anticipated, these divisions are now of
the size and scope where they each need the full time attention of a division
president to continue expanding and creating value. Huntsman is currently
investing significant resources to complete the transformation of our Textile
Effects division, and Paul’s ability and strengths will assure success as we
build a global leader in textile chemicals and dyes.”

Mr. Huntsman continued: “Andre has a strong relationship with Advanced
Materials and its markets and customers. I have great confidence in him to
lead this division to the next level.”

Huntsman acquired the Advanced Materials business from Vantico (formerly a
part of Ciba) in 2003. Since that time, its sales have grown from
approximately $1.1 billion in 2003 to more than $1.6 billion on an LTM basis
as of the third quarter of 2008, and its Adjusted EBITDA has more than doubled
over that same period. Advanced Materials currently operates 13 manufacturing
locations across the globe, employs 2,300 people, and serves about 4,500
customers with its 9,000 different products.

About Huntsman:

Huntsman is a global manufacturer and marketer of differentiated
chemicals. Its operating companies manufacture products for a variety of
global industries, including chemicals, plastics, automotive, aviation,
textiles, footwear, paints and coatings, construction, technology,
agriculture, health care, detergent, personal care, furniture, appliances and
packaging. Originally known for pioneering innovations in packaging and,
later, for rapid and integrated growth in petrochemicals, Huntsman today has
13,000 employees and operates from multiple locations worldwide. The Company
had 2007 revenues of approximately $10 billion. For more information about
Huntsman, please visit the company’s website at http://www.huntsman.com.

Forward-Looking Statements:

Statements in this release that are not historical are forward-looking
statements. These statements are based on management’s current beliefs and
expectations. The forward-looking statements in this release are subject to
uncertainty and changes in circumstances and involve risks and uncertainties
that may affect the company’s operations, markets, products, services, prices
and other factors as discussed in the Huntsman companies’ filings with the
U.S. Securities and Exchange Commission. Significant risks and uncertainties
may relate to, but are not limited to, financial, economic, competitive,
environmental, political, legal, regulatory and technological factors. In
addition, the completion of any transactions described in this release is
subject to a number of uncertainties and closing will be subject to approvals
and other customary conditions. Accordingly, there can be no assurance that
such transactions will be completed or that the company’s expectations will be
realized. The company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as otherwise
required by applicable laws.

SOURCE Huntsman Corporation


Source: newswire



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