Additional Share Repurchase Authorization Announced By Albemarle

RICHMOND, Va., Feb. 28 /PRNewswire-FirstCall/ — The Board of Directors of Albemarle Corporation authorized the company to repurchase, under its current stock repurchase program, up to five million shares.

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“This authorization provides the corporation the flexibility necessary to invest in our long term growth while continuing to deliver shareholder value through dividends and share buybacks,” stated Mark Rohr, President and Chief Executive Officer. “Albemarle’s balanced approach has created superior returns for shareholders while building a strong financial platform for continued growth.”

Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments — Polymer Additives, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries. Learn more about Albemarle at http://www.albemarle.com/.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.

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Albemarle Corporation

CONTACT: Ms. Sandra Rodriguez, Investor Relations, of AlbemarleCorporation, +1-225-388-7654, Sandra_Rodriguez@albemarle.com

Web site: http://www.albemarle.com/