Momentive Specialty Chemicals Inc. to Raise Prices for Phenolic Resins and Molding Compounds in the EMEA Region

  Momentive Specialty Chemicals Inc. to Raise Prices for Phenolic Resins and
  Molding Compounds in the EMEA Region

Business Wire

COLUMBUS, Ohio -- December 03, 2012

Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals” or the
“Company”) today announced that it will increase the prices for phenolic
resins by 200 to 300 euros per metric ton depending on the product and 120
euros per metric ton for phenolic molding compounds in Europe, the Middle East
and Africa. The pricing adjustments, driven by increases in key raw material
costs, become effective Jan. 1, 2013, or as allowed by contract.

About the Company

Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as
Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins.
Momentive Specialty Chemicals Inc. 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. Momentive Specialty Chemicals Inc. is an indirect wholly owned
subsidiary of Momentive Performance Materials Holdings LLC.

About Momentive

Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate
parent company of Momentive Performance Materials Inc. and Momentive Specialty
Chemicals Inc. Momentive is a global leader in specialty chemicals and
materials, with a broad range of advanced specialty products that help
industrial and consumer companies support and improve everyday life. Its
technology portfolio delivers tailored solutions to meet the diverse needs of
its customers around the world. Momentive was formed in October 2010 through
the combination of entities that indirectly owned Momentive Performance
Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and
legal entity structures of both Momentive Performance Materials Inc. and
Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty
Chemicals, Inc.), and their respective subsidiaries and direct parent
companies, remain separate. Momentive Performance Materials Inc. and Momentive
Specialty Chemicals Inc. file separate financial and other reports with the
Securities and Exchange Commission. Momentive is controlled by investment
funds affiliated with Apollo Global Management, LLC. Additional information
about Momentive and its products is available at www.momentive.com.

Contact:

Momentive Specialty Chemicals Inc.
Stephan Fuessl, Business Director, EMEA, +49 2374 925 207
stephan.fuessl@momentive.com
or
John Kompa, 614-225-2223
john.kompa@momentive.com