Property Sold and Price
Sale of Resins, Additives and Adhesives for $500
Plus non-refundable $10 fee for a short period of exclusivity
Expected to close early in 2003
Await completion of normal regulatory approvals and other customary closing conditions
Transaction not subject to financing
Transaction does not include Solutia’s Industrial Products businesses, the Butvar Specials & Dispersions or our Santotac product lines