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UCB closes on its acquisition of Solutia's Resins, Additives and Adhesives businesses

BRUSSELS, January 31, 2003 - The UCB Group is pleased to announce that its acquisition of Solutia's Resins, Additives and Adhesives activity has been closed today, following the clearing of the transaction by the relevant competition authorities. UCB is acquiring Solutia's Resins, Additives & Adhesives activity for 500 million USD, in addition to a USD 10 million exclusivity fee.

Solutia's Resins, Additives and Adhesives activities are a natural fit for UCB's Chemicals and Films businesses. By integrating all three activities into one new business, Surface Specialties, UCB will create a strong global player in resins for industrial and specialty coatings, graphic arts and adhesives, focused on environmentally friendly technologies. In 2002, this new combined business would have represented a total turnover of 1.5 billion EUR, with approximately 4,700 employees worldwide.

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