Hexion Specialty Chemicals To Raise Prices For Cardura, ACE, VeoVa and Versatic Acid Products

Hexion Specialty Chemicals, Inc. announced today that it will increase the prices of its CARDURA™ glycidyl ester, ACE™ hydroxyl acrylate monomer, VEOVA™ monomers and VERSATIC™ acids globally effective January 1, 2008 or as contract terms allow.

Prices of all VeoVa, Cardura, Versatic Acid and ACE grades will increase by 150 Euro/mt or 200 USD/mt (equaling 9 cents per pound).

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion Specialty Chemicals is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.