LyondellBasell Selling Shareholders Price Offering of Ordinary Shares

    LyondellBasell Selling Shareholders Price Offering of Ordinary Shares

PR Newswire

HOUSTON and LONDON, Aug. 1, 2013

HOUSTON and LONDON, Aug. 1, 2013 /PRNewswire/ --LyondellBasell (NYSE: LYB)
today announced the pricing of an underwritten public offering of 16.5 million
ordinary shares by certain selling shareholders that are affiliates of Apollo
Management Holdings L.P. at a price to the public of $68 per share. The net
proceeds to Apollo, after deducting discounts and commissions, will be
approximately $1.1 billion.The offering is expected to close Aug. 6, 2013,
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 Capital Inc. acted as the sole underwriter for the offering.

Separately, the selling shareholders have advised the Company that they have
agreed to sell 8.5 million ordinary shares in a private transaction.

The offering of these ordinary 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:;
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
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 SEC. 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 and a member of the S&P 500. LyondellBasell
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 Industries

Contact: Media: David A. Harpole, +1-713-309-4125; Investor: Douglas J. Pike,
+1 713-309-7141
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