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Tuesday, May 17, 2011

BASF Declares Force Majeure on TDI

May 17, 2011

Dear Valued Customer,

The severe flooding of the lower Mississippi river and surrounding areas is
limiting raw materials from being delivered into our Geismar, Louisiana
production facilities.

As a result, BASF is declaring force majeure on all toluene diisocyanate
(Lupranate T80 and Lupranate 8020) products effective immediately.

Retroactive beginning May 1,2011, deliveries of products will be allocated on
a fair and reasonable basis utilizing the past 6 month (Nov 2010 -April 2011)
purchases for the base.

Your sales representative will be in touch with you to discuss the situation in
more detail.

We appreciate your patience as we work through this very difficult time.

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