LyondellBasell Selling Shareholders Price Offering of Ordinary Shares

    LyondellBasell Selling Shareholders Price Offering of Ordinary Shares

PR Newswire

ROTTERDAM, Netherlands, Dec. 5, 2012

ROTTERDAM, Netherlands, Dec. 5, 2012 /PRNewswire/ --LyondellBasell (NYSE:
LYB) today announced the pricing of an underwritten public offering of 21
million ordinary shares by certain selling shareholders that are affiliates of
Apollo Management Holdings L.P. at a price to the public of $48.50 per share.
The net proceeds to Apollo, after deducting discounts and commissions, will be
approximately $1.0 billion. The offering is expected to close December 10,
2012, subject to the satisfaction of customary closing conditions.

The selling shareholders have agreed to a lock-up (subject to certain
exceptions) for a period of 30 days after the date of the prospectus
supplement for the offering. LyondellBasell will not receive any proceeds from
the offering. The total number of LyondellBasell ordinary shares outstanding
will not change as a result of the offering.

Barclays acted as the sole underwriter for the offering.

The offering of these shares is being made only by means of a prospectus
supplement and related prospectus. Copies may be obtained from Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Email: barclaysprospectus@broadridge.com, Telephone: (888)
603-5847.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy the ordinary shares nor shall there be any sale of these
shares of ordinary shares in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

Statements in this release which are not historical facts, such as those that
may be identified by the use of words such as "anticipate," "believe,"
"could," "estimate," "expect," "feel," "forecast," "intend," "may," "plan,"
"potential," "project," "should," "would," and similar expressions, are
forward-looking statements under the provisions of the Private Securities
Litigation Reform Act of 1995. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. These risk and
uncertainties include, but are not limited to, the consummation of the
offering by the selling shareholders.Forward-looking statements reflect
management's analysis as of the date of this press release. Important factors
that could cause actual results to differ materially from our expectations are
more fully described in our other filings with the Securities and Exchange
Commission. Except as required by applicable law, we do not undertake to
publicly update or revise any of these forward-looking statements, whether as
a result of new information, future events or otherwise.

LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical
and refining companies.The company manufactures products at 58 sites in 18
countries.LyondellBasell products and technologies are used to make items
that improve the quality of life for people around the world including
packaging, electronics, automotive parts, home furnishings, construction
materials and biofuels.

SOURCE LyondellBasell

Website: http://www.lyondellbasell.com
Contact: Media Contact: David A. Harpole +1 713-309-4125, Investor Contact:
Douglas J. Pike +1 713-309-7141